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 $77,000, trade discount 25%, terms FOB shipping point, 2/10, 1/30, with prepaid freight of $960 added to the invoice. 5. Purchased merchandise on account from Kester Co., $47,250, terms FOB destination, 2/10, 1/30. 6. Sold merchandise on account to Parsley Co., $14,650, terms /15. The cost of the goods sold was $9,830. 7. Returned merchandise with an involce amount of $14,250 purchased on July 5 from Kester Co. 13. Paid Hamling Co. on account for purchase of July 3. 15. Pald 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, $221,200. The cost of the goods sold was $133,860. 22. Sold merchandise on account to Tabor Co., $54,300, terms 2/10, /30. The cost of the goods sold was $31,470. 23. Sold merchandise for cash, $35,300. The cost of the goods sold was $20,770. 28. Pald Parsley Co. a cash refund of $6,410 for returned merchandise from sale of July 6. The cost of the returned merchandise was $3,280. 31. Paid MasterCard service fee of $3,810. Journalize the transactions. If an amount box does not require an entry, leave it blank. July 3 Inventory 56,595 x Accounts Payable-Hamling Co. 56,595 x July 5 1 47,250 X Inventory Accounts Payable-Kester Co. 47,250 July Accounts Receivable-Parsley Co. 14,650 Sales y 14,650 July 6 Cost of Goods Sold 9,830 Inventory 9,830 Accounting numeric field 14,250 x July 7 Accounts Payable-Kester Co. Inventory 14,250 X July 13 Accounts Payable-Hamling Co. 56,595 x Cash 56,595 x July 15 Accounts Payable-Kester Co. Cash