Sales and Purchase-Related Transactions Using Periodic Inventory System

Selected transactions for Essex Company during July of the current year are shown below.

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 invoice.
5.	Purchased merchandise on account from Kester Co., $33,450, terms FOB destination, 2/10, n/30.
6.	Sold merchandise on account to Parsley Co., $36,000, terms n/15. The cost of the goods sold was $25,000.
7.	Returned merchandise with an invoice amount of $6,850 purchased on July 5 from Kester Co.
13.	Paid Hamling Co. on account for purchase of July 3.
15.	Paid 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, $108,000. The cost of the goods sold was $64,800.
22.	Sold merchandise on account to Tabor Co., $16,650, terms 2/10, n/30. The cost of the goods sold was $10,000.
23.	Sold merchandise for cash, $91,200. The cost of the goods sold was $55,000.
28.	Paid Parsley Co. a cash refund of $7,150 for returned merchandise from sale of July 6. The cost of the returned merchandise was $4,250.
31.	Paid MasterCard service fee of $1,650.

Required:

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, leave it blank.

July 3	Purchases	fill in the blank 2	fill in the blank 3
	Freight In	fill in the blank 5	fill in the blank 6
	Accounts Payable-Hamling Co.	fill in the blank 8	fill in the blank 9
July 5	Purchases	fill in the blank 11	fill in the blank 12
	Accounts Payable-Kester Co.	fill in the blank 14	fill in the blank 15
July 6	Accounts Receivable-Parsley Co.	fill in the blank 17	fill in the blank 18
	Sales	fill in the blank 20	fill in the blank 21
July 7	Accounts Payable-Kester Co.	fill in the blank 23	fill in the blank 24
	Purchases Returns and Allowances	fill in the blank 26	fill in the blank 27
July 13	Accounts Payable-Hamling Co.	fill in the blank 29	fill in the blank 30
	Cash	fill in the blank 32	fill in the blank 33
	Purchases Discounts	fill in the blank 35	fill in the blank 36
July 15	Accounts Payable-Kester Co.	fill in the blank 38	fill in the blank 39
	Cash	fill in the blank 41	fill in the blank 42
	Purchases Discounts	fill in the blank 44	fill in the blank 45
July 21	Cash	fill in the blank 47	fill in the blank 48
	Accounts Receivable-Parsley Co.	fill in the blank 50	fill in the blank 51
July 21	Cash	fill in the blank 53	fill in the blank 54
	Sales	fill in the blank 56	fill in the blank 57
July 22	Accounts Receivable-Tabor Co.	fill in the blank 59	fill in the blank 60
	Sales	fill in the blank 62	fill in the blank 63
July 23	Cash	fill in the blank 65	fill in the blank 66
	Sales	fill in the blank 68	fill in the blank 69
July 28	Customers Refunds Payable	fill in the blank 71	fill in the blank 72
	Cash	fill in the blank 74	fill in the blank 75
July 31	Credit Card Expense	fill in the blank 77	fill in the blank 78
	Cash	fill in the blank 80	fill in the blank 81