Williams Company Began Business on May 1 A Use the Purchases Journal and the Cash Disbursements Journal

Williams Company began business on May 1.They use the periodic inventory method.The following transactions involving purchases and cash disbursements occurred during the first week of May.
$\begin{array}{|l|l|}\hline\text { May } 2 & \begin{array}{l}\text { Purchased } \$ 25,000 \text { of merchandise inventory on credit from the Sioux City Company, terms } \\2 / 10, n / 30 . \text { Invoice dated May } 1 .\end{array} \\\hline \text { May 3 } & \begin{array}{l}\text { Purchased } \$ 12,000 \text { of merchandise inventory on credit from the Wichita Company, terms } \\2 / 10, n / 30 . \text { Invoice dated May } 2 .\end{array} \\\hline \text { May 3 } & \text { Purchased } \$ 3,000 \text { of office supplies for cash from Bettendorf Co. Check no. } 1267 . \\\hline \text { May 4 } & \begin{array}{l}\text { Purchased } \$ 36,000 \text { of office equipment on credit from Office Outfitters, terms n/60. Invoice } \\\text { dated May 3. }\end{array} \\\hline \text { May 6 } & \begin{array}{l}\text { Paid the amount due for the merchandise purchased from Sioux City Company. Check no. } \\1268 .\end{array} \\\hline \text { May 6 } & \begin{array}{l}\text { Purchased } \$ 14,500 \text { of merchandise inventory for cash from the Davenport Co. Check no. } \\\text { 1269. }\end{array} \\\hline\end{array}$

a. Use the purchases journal and the cash disbursements journal to record these transactions
b. Prepare a schedule of accounts payable as of May 7. There was no accounts payable on May 1.