Sales and purchase$-$related transactions using perpetual 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 $$78,000,$ trade discount $20\%,$ terms FOB shipping point, $\frac{2}{10},\frac{n}{30},$ with

prepaid freight of $$840$ added to the invoice.

Purchased merchandise on account from Kester Co$.,$ $$51,950,$ terms FOB destination, $\frac{2}{10},\frac{n}{30}.$

Sold merchandise on account to Parsley Co$.,$ $$14,680,$ terms $\frac{n}{15}.$ The cost of the goods sold was $$8,960.$

Returned merchandise with an invoice amount of $$12,800$ purchased on July $5$ from Kester Co$.$

Paid Hamling Co$.$ on account for purchase of July $3.$

Paid Kester Co$.$ on account for purchase of July $5,$ less return of July $7.$

Received cash on account from sale of July $6$ to Parsley Co$.$

Sold merchandise with a list price of $$242,240$ to customers who used MasterCard and who redeemed $$9,200$ of point$-$of$-$sale coupons. The

cost of the goods sold was $$139,460.$

Sold merchandise on account to Tabor Co$.,$ $$57,900,$ terms $\frac{n}{30}.$ The cost of the goods sold was $$33,750.$

Sold merchandise for cash, $$41,430.$ The cost of the goods sold was $$21,790.$

Paid Parsley Co$.$ a cash refund of $$5,550$ for returned merchandise from sale of July $6.$ The cost of the returned merchandise was $$3,460.$

Paid MasterCard service fee of $$3,680.$

During July, printed a coupon with each customer's sales receipt for $$1$ off the customer's next purchase of over $$10.$ The coupons may be

redeemed during August. Of the total of $31,000$ coupons printed, it is estimated that $60\%$ will be redeemed.

Required:

Journalize the transactions. If an amount box does not require an entry, leave it blank.