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Problem 153 Described below are certain transactions of Lamar Company for 2018: 1. On May 10, the company purchased goods from Fox Company for $73,700, terms 2/10, n/30. Purchases and accounts payable are recorded at net amounts. The invoice was paid on May 18. year, 9% note for the balance. Bank. 2. On June 1, the company purchased equipment for $91,200 from Rao Company, paying $33,600 in cash and giving a one 3. On September 30, the company discounted at 10% its $220,000, one-year zero-interest-bearing note at Virginia State Prepare the journal entries necessary to record the transactions above using appropriate dates. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit May 10 May 18 June 1 September 30