The following purchase transactions occurred during August for Backcountry Kayak Excursions. 
Record these transactions in a purchases journal. 
Definitions:
Discount Rate
The interest rate used to determine the present value of future cash flows in discounted cash flow analysis; also refers to the interest rate charged by central banks on loans to commercial banks.
Cash Flows
The complete sum of cash inflows and outflows within a corporation, severely impacting its liquidity stance.
Present Value
The present-day financial assessment of a sum of money to be received later or a series of cash flows, based on a specific rate of return.
Discount Rate
In discounted cash flow analysis, the Discount Rate refers to the interest rate employed to ascertain the present value of future cash flows.
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