Question 8 Hawk Company uses a single-column purchases journal, a cash payments journal, and a general journal to record transactions with its suppliers and others. Oct. 5 Purchased merchandise on account for $19,000 from Harrelson Company. Terms: 2/10, n/30; FOB shipping point. Oct. 6 Paid $6,600 to Ken's Insurance Company for a two-year fire insurance policy. Oct. 8 Purchased store supplies on account for $600 from Stone Pony Supply Company. Terms: 2/10, n/30. Oct. 11 Purchased merchandise on account for $15,000 from Steve Corporation. Terms: 2/10, n/30; FOB shipping point. Oct. 13 Granted a reduction of $3,000 from Steve Corporation for merchandise purchased on October 11 and returned because of damage. Oct. 15 Paid Harrelson Company for merchandise purchased on October 5, less discount. Oct. 16 Purchased merchandise for $9,000 cash from Williams Company. Oct. 21 Paid Steve Corporation for merchandise purchased on October 11, less merchandise returned on October 13, less discount. Oct. 25 Purchased merchandise on account for $21,000 from Ozzle Company. Terms: 2/10, n/30; FOB shipping point. Oct. 31 Purchased equipment for $27,000 cash from Guillen Office Supply Company. Record the above transactions in the appropriate journals. (Record entries in the order displayed in the problem statement.) HAWK COMPANY Purchases Journal P1 Inventory Dr. Ref. Accounts Payable Cr. Date Account Credited (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit HAWK COMPANY Cash Payments Journal CP1 Date Account Debited Ref. Other Accounts Dr. Accounts Payable Dr. Inventory Cr. Cash Cr.