| 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, n/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. | 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. |
