Sales-Related and Purchase-Related Transactions Using Periodic 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 $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, 1/30. 6. Sold merchandise on account to Parsley Co., $36,000, terms n/15. The cost of the merchandise sold was $25,000. 7. Returned $6,850 of merchandise purchased on July 5 from Kester Co. 13. Pald 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 merchandise sold was $64,800. 22. Sold merchandise on account to Tabor Co., $16,650, terms 2/10, 1/30. The cost of the merchandise sold was $10,000, 23. Sold merchandise for cash, $91,200. The cost of the merchandise sold was $55,000. 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. 28. Required: Journalize the entries to record the transactions of Essex Company for July using the periodic inventory system. For a compound transaction, if an amount box does not require an entry, leave it blank. July 3 Journalize the entries to record the transactions of Essex Company for July using the periodic inventory system. For a compound transaction, if an amount box does not require an entry, leave it blank. July 3 dropdown July 13 II UUUU July 15 . bli III O O O O O 0. III 011 1. 0 0 0 0 0 July 13 July 15 July 21 July 21 July 22 July 23 July 28 July 31