Date July Account 3 Merchandise Inventory Accounts Payable-Hamling Co. (To record purchase of inventory) ($72,000-($72,000 15%)] = $61,200 $61,200 +$1,450 - $62,650. Debit $ 62,650 Credit $ 62,650 5 Merchandise Inventory $ 33,450 Accounts Payable-Kester Co. $ 33,450 6 Accounts Receivable-Parsley Co. Sales $ 36,000 $ 36,000 6 Cost of Merchandise Sold Merchandise Inventory $ 25,000 $ 25,000 7 Accounts Payable-Kester Co. Merchandise Inventory $ 6,850 S 6,850 13 Accounts Payable-Hamling Co. $ 62,650 Cash $ 61,426 Merchandise Inventory ($61,200*2%) $ 1.224 15 Accounts Payable-Kester Co. Cash $ 26,600 $ 26,068 Merchandise Inventory ($26,600*2%) $ 532 21 Cash $ 36,000 Accounts Receivable-Parsley Co. $ 36,000 21 Cash $ 108,000 Sales $ 108,000 21 Cost of Merchandise Sold Merchandise Inventory $ 64,800 $ 64,800 22 Accounts Receivable-Tabor Co. Sales $ 16,650 $ 16,650 22 Cost of Merchandise Sold Merchandise Inventory $ 10,000 $ 10,000 23 Cash $ 91,200 Sales $ 91,200 23 Cost of Merchandise Sold Merchandise Inventory $ 55,000 $ 55,000 28 Sales Returns and Allowances Accounts Receivable-Tabor Co. $ 7,150 S 7,150 28 Merchandise Inventory $ 4,250 Cost of Merchandise Sold $ 4,250 31 Credit Card Expense $ 1,650 Cash $ 1,650