PR 6-3B Sales Related and Purchase Related Transaction Using Perpetual Inventory System 01.2-Describe md huse the accounting for merchandise Wansactions The following were selected from among the transactions completed by Essex Company during July of the current year: July 3. Purchased merchandise on mount from Harring Co., lat price 572,000, trade discount 15%, terms FO shipping point, 2/10, n/ao, with prepaid freight of $1.450 added to the invoice 6. Purchased merchandise on nooount from Kester Co., 533,480, terms FOB destination, 2/10, 1/30 6. Sald merchandise an account to Parsley Co. 536.000 terms de 2018 Push 1/16. The cost of the merchandise sold was $25,000 7. Retured 56.850 of merchandise purchased on July 5 trom Kester Co 12. Pue ating Co.cn action for purchase of my 15. Paid Keer Content for purchase of July less return 21. Recent cash on rate of 6 to Parsley Co. 21 Soldadin secard S100.000. The cost of the merchandise sold as 504.00 21 dan 2010. The ofte med 110.000 PR 6-3B Sales Related and Purchase Related Transaction Using Perpetual Inventory System 01.2-Describe md huse the accounting for merchandise Wansactions The following were selected from among the transactions completed by Essex Company during July of the current year: July 3. Purchased merchandise on mount from Harring Co., lat price 572,000, trade discount 15%, terms FO shipping point, 2/10, n/ao, with prepaid freight of $1.450 added to the invoice 6. Purchased merchandise on nooount from Kester Co., 533,480, terms FOB destination, 2/10, 1/30 6. Sald merchandise an account to Parsley Co. 536.000 terms de 2018 Push 1/16. The cost of the merchandise sold was $25,000 7. Retured 56.850 of merchandise purchased on July 5 trom Kester Co 12. Pue ating Co.cn action for purchase of my 15. Paid Keer Content for purchase of July less return 21. Recent cash on rate of 6 to Parsley Co. 21 Soldadin secard S100.000. The cost of the merchandise sold as 504.00 21 dan 2010. The ofte med 110.000