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 cutrent year. Fssek uses the net method under a perpetual inventory system July 3, Purchased merchandise on account from Hamling Co, list price $81,000, trade discount 30%, terms FoB shipping point, 2/10, n/30, with prepsie freight of $870 added to the invoice. 5. Purchased merchandise on account from Kester Co., $46,550, terms FO\& destination, 2/10, n/30. 6. Sold merchandise on account to Parsley Co4,$17,160, terms W/15. The cost of the goods sold was $10,250. 7. Returned merchandise with an imvoice amount of 511,200 porchased on kily 5 from Kester CO 13. Paid Haming 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. Aeceived casti on account frem sale of July 6 to Parsey Co. 21. Sold merchendise on MasterCard, $256,320. The cost of the go0ds sold was 1139,640 22. Sioid merchandise on account to Tabor CO4$55,700, terms 2/10,N/30. The cost of the goods sold was 136,110 23 Sold merchandise fer cash, \$36,910. The cost of the goods sold was 522,310 . 28. Paid Parsiey Co, a cosh refund of 15,730 for returned merchandise from sale of July 6. The cost of the returned merchandise was 53,390 . 11. Paid Masterfard service fee of $3,780, Required: Journalize the transactions If an ambune bgx dces not require an entry, leave it blank. Juy 3 haly 5