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 $76,000, trade discount 30%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $880 added to the invoice. 5. Purchased merchandise on account from Kester Co., $49,000, terms FOB destination, 2/10, n/30. 6. Sold merchandise on account to Parsley Co., $14,690, terms n/15. The cost of the goods sold was $10,250. 7. Returned merchandise with an invoice amount of $12,600 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 with a list price of $255,990 to customers who used MasterCard and who redeemed $9,800 of point-of-sale coupons. The cost of the goods sold was $131,070. 22. Sold merchandise on account to Tabor Co., $52,900, terms n/30. The cost of the goods sold was $33,280. 23. Sold merchandise for cash, $37,710. The cost of the goods sold was $24,780. 28. Paid Parsley Co. a cash refund of $6,570 for returned merchandise from sale of July 6 . The cost of the returned merchandise was $3,250. 31. Paid MasterCard service fee of $3,710. 31. 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 34,000 coupons printed, it is estimated that 60% will be redeemed. Required: 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. require an entry, leave it blank