VitalSource Books Malindarinvoker-StakeAssignmentSessionLocator &inprogress-false AMTH 136-001 Spri h Hulu Home Netfix Apply for Financia Cengage ebook 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, st price $72,000, trade da 15%, te 700 shop pent 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 Fon destination, 3/10,30 6. Sold merchandise on account to Parsley Co., $36,000, terms n/15. The cost of the menhandise sold was $25,000 7. Baturned $6,850 of merchandise 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 2 21. Received cash account from sale of July 6 to 21. Sold merchandise on MasterCard, $100,000. The cost of the merchandise sold was $64,800 22. Sold merchandise on account to Tabor Co $16,450, terms 2/10, 30. The cost of the merchandise soid was $10,000 23. Said merchandise for cash $91,200. The cost of the merchandise was $55,000. 26 Pod Parsley Co a cash refund of $2,500 for damaged merchandise from sale of July 6, Parsley kept the merchandise 31. Peid HasterCard service fee of $1,5 Required Reading List 00 Journalize the entries to record the transactions of Essex Company for July using the periodic inventory system. If an amount box does not require an entry, leave it blank. eBook July 3 V July 51 July 6 July 7 July 13 July 15 000 00 10 00 100 Reading List July 15 July 211 July 21 July 22 July 23 July 28 July 31 Check My Work 000 00 00 ANN 11 12 13 11 00 00 Next 00 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%, berms 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, 2/10/30 6: Sold merchandise on account to Parsley Co., $36,000, terms n/15, The cost of the merchandise soid was $25,000, 7. Returned $5,850 of merchandise 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 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, n/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. 28. Paid Parsley Co. a cash refund of $2,500 for damaged merchandise from sale of July 6 Parsley Co, kept the merchandise 31. Paid MasterCard service fee of $1,650 Required: nevious Next Journalize the entries to record the transactions of Essex Company for July using the periodic inventory system. If an amount box does not require an entry leave blank. July 3 July 5 July 6 July 7 July 13 July 151 000 00 00 00 00 100 000 10 10 10 10 Previous Nest CO UTH 136-001 Spri h Hulu | Home Netfl Apply for Financia Cengage VitaSource Books Reading List eBook July 15 July 21 July 21 ly 22 July 23 July 201 Suly 31 00 00 00 00 00 00 00 00 e