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The following were selected from among the transactions completed by Essex Company during July of the rent year. Esses the ent method under a perpetual
The following were selected from among the transactions completed by Essex Company during July of the rent year. Esses the ent method under a perpetual inventory system Jolly ). Purchased merchandise on account from Harling Co. list price $90,000, trade discount 25%, terms ro shopping point, 2/10, 1/30, with prepaid freight of $920 added to the invoke 5. Purchased merchandise on account from Kester Co. 47,350, terms fodestation, 2/10,30 6. Sold merchandise on account to Parsley Co, 516,210, term. 15. The cost of the goods sold was $9.400. 7. Returned merchandise with an invoice amount of $12,000 purchased on July 5 from Kester Co. 13. Pard Hamling Co. on account for purchase of July 3 15. Paid Kester Co. on account for purchase of July, less return of July 21. Received cash on account from sale of July 6 ta Parsley Co 21. Sold merchandise on MasterCard, $224,690. The cost of the goods sold was $145,330, 22. Sold merchandie on account to Tabor Co, $56,200, terms 7/10, 1/30. The cost of the goods old was $31,870 23. Sold merchandise for cash, $34,100. The cost of the goods sold was $22.900 78. Paid Parsley Co cash refund of $6,746 for returned merchandise from cale of Joly 6. The cost of the Primed merchandise was $3,240. 31. Paid MasterCard service fee of 53,680. Required: Journalize the transactions. tran amount box does Bot require an entry leave it blank July 3 Inventory 68420 x 12 Accounts Payable Hamling co, 420 X
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