Unit I Lab Assignment Question 11 of 20 View Policies Current Attempt in Progress -/5 Swifty Company uses the perpetual method, a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others. Transactions Oct. 5 Oct. 6 Oct. 8 Oct. 11 Oct. 13 Oct. 15 Oct. 16 Oct. 21 Oct. 25 Oct. 31 Purchased merchandise on account for $20,500 from Harrelson Company. Terms: 2/10, n/30; FOB shipping point. Paid $8,100 to Ken's Insurance Company for a two-year fire insurance policy. Purchased store supplies on account for $2,100 from Stone Pony Supply Company. Terms: 2/10, n/30. Purchased merchandise on account for $16,500 from Steve Corporation. Terms: 2/10, n/30; FOB shipping point. Granted a reduction of $4,500 from Steve Corporation for merchandise purchased on October 11 and returned because of damage. Paid Harrelson Company for merchandise purchased on October 5, less discount. Purchased merchandise for $10,500 cash from Williams Company. Paid Steve Corporation for merchandise purchased on October 11, less merchandise returned on October 13, less discount. Purchased merchandise on account for $22,500 from Ozzle Company. Terms: 2/10, n/30; FOB shipping point. Purchased equipment for $28.500 cash from Guillen Office Supply Company. Record the above transactions in the appropriate journals. (Record entries in the order displayed in the problem statement.) SWIFTY COMPANY Purchases Journal