eBook Sales-Related and Purchase-Related Transactions Using Periodic Inventory System The following were selected from among the transactions completed by Essex Company during July of the current year July 3. Purchased merchandise on account from Hamling Co., list price $72,000, trade discount 15%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $1,450 added to the invoic 5. Purchased merchandise on account from Kester Co, $33,450, terms FOG destination, 2/10, n/30 6. Sold merchandise on account to Parsley Co., $36,000, terms n/15. The cost of the merchandse sold was $25,000 7. Returned $6,850 of merchandise purchased on July 5 from Kester Co. 13. Paid Hamiing Co. an account for purchase of July 3. 15. Pald Kester Co. on account for purchase of July 5, less return of July 7 21. Received cash on account from sale of July 6 to Parsley Co. 21 Sold merchandise on MasterCard, $100,000. The cost of the merchandise cold was $64,800 22. Said merchandise on account to Tabor Co., $16.650, terms 2/10, 20. The cost of the merchandise sold was $10,000 23. Sold merchandise fur cash, $93,200. The cost of the merchandise sold was $55,000 28. Paid Parsley Co. a cash refund of $2,500 for damaged merchandise from sale of July 6 Parsley Co. kept the merchandise 31 Paid MasterCard service fee of $1,650 Required: Reading List 90 book Journalize the entries to record the transactions of Essex Company for July using the periodic inventory system. If an amount box does not require an entry, inave it blank July 3 July 5 July 6 July 7 July 13 July 15 Prevou CUNY Login MTH 136-001 Spri h Hulu | Home Netflix Apply for Financia. Cengage VitalSource Books... Reading List eBook July 15 July 21 July 21 July 22 July 23 July 20 July 35