Williams Company began business on May 1. They use the perpetual inventory method. The following transactions involving purchases and cash disbursements occurred during the first week of May. May 2 Purchased $25,000 of merchandise inventory on credit from the Sioux City Company,terms 2/10, n/30. Invoice dated May 1. May 3 Purchased $12,000 of merchandise inventory on credit from the Wichita Company,terms 2/10, n/30. Invoice dated May 2. May 3 Purchased $3,000 of office supplies for cash from Bettendorf Co. Check no. 1267 MAY 4 Purchased $36,000 of office equipment on credit from Office Outfitters, terms n/60.Invoice dated May 3. MAY 6 Paid the amount due for the merchandise purchased from Sioux City Company Check no. 1268 MAY 6 Purchased $14,500 of merchandise inventory for cash from the Davenport Co. Check no. 1269. a. Use the purchases journal and the cash disbursements journal to record these transactions. b. Prepare a schedule of accounts payable. There were no accounts payable on May 1