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Sares and purchase-related transactions using perpetual 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 $76,000, trade discount 25%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $830 added to the invoice. 5. Purchased merchandise on account from Kester Co., $51,400, terms FOB destination, 2/10, n/30. 6. Sold merchandise on account to Parsley Co., $16,800, terms n/15. The cost of the goods sold was $9,540. 7. Returned merchandise with an invoice amount of $12,750 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. Recelved cash on account from sale of July 6 to Parsley Co. 21. Sold merchandise with a list price of $225,350 to customers who used MasterCard and who redeemed $9,100 of point-of-sale coupons, The cost of the goods sold was $147,480. 22. Sold merchandise on account to Tabor Co., $57,900, terms n/30. The cost of the goods sold was $33,390. 23. Sold merchandise for cash, $34,050. The cost of the goods sold was $20,400. 28. Paid Parsley Co. a cash refund of $5,570 for returned merchandise from sale of July 6. The cost of the returned merchandise was $3,010. 31. Paid MasterCard service fee of $3,830. 31. During July, printed a coupon with each customer's sales receipt for $1 off the customer's next purchase of over $10. The coupons may be redeemed during August. Of the total of 31,000 coupons printed, it is estimated that 60% will be redeemed. Required: 1. Journalize the transactions. If an amount hnx dnec not ranuire an ontre loave it hlant. July 13 Accounts Payable-Hamling Co. Cash Inventory July 15 Accounts Payable-Kester Co. Cash Inventory July 21 Cash 1. Accounts Receivable-Parsley Co, July 21 Cost of Goods Sold Inventory July 22 Accounts Receivable-Tabor Co Sales v 38,650 16,800 216,250 216,250 14,748 14,748 57,900 2. Assume that as of August 31,16,600 of the $1-off coupons issued during July had been redeemed by customers. Journalize the entry for the emaining unredeemed coupons, If an amount box does not require an entry, leave it blank. Au Feerback * Check My Work

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