Chem Company uses a sales journal, a purchases journal, a cash receipts journal, a cash disbursements journal, and a general journal. The following transactions occurred during the month of July 2020:

Required

On a sheet of notebook paper, draw a multicolumn purchases journal like the one that appears in Exhibit AII.12. Journalize the July transactions that should be recorded in the purchases journal.

Exhibit AII.12

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Purchased merchandise on credit for $8,100 from Angler Inc., terms n/30. 8 Sold merchandise on credit to B. Harren for $1,500, subject to a $30 sales discount if paid by the month. Cost, $820. July end of the The owner of Chem Company, Pat Johnson, invested $2,000 cash. 10 Purchased store supplies from Steck Company on credit for $240, terms 2/10, n/30. 14 Purchased merchandise inventory on credit from Marten Company for $2,600, terms n/30. 17 Sold merchandise to W. Winger for $630 cash. Cost, $350. 24 Purchased merchandise inventory from Hadley's for $9,000 cash. 28 Paid Angler Inc. $8,100 for the merchandise purchased on July 1. 29