The following were selected from among the transactions completed by Essex Company during July of the current year. Essex uses the net method under a perpetual inventory system:
July 3. Purchased merchandise on account from Hamling Co., list price $87,000, trade discount 20%, terms FOB shipping point, 2/10, n/30, with prepaid freight of $950 added to the invoice.
5. Purchased merchandise on account from Kester Co., $50,450, terms FOB destination, 2/10, n/30.
6. Sold merchandise on account to Parsley Co., $15,550, terms n/15. The cost of the goods sold was $9,120.
7. Returned merchandise with an invoice amount of $16,000 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, $236,020. The cost of the goods sold was $152,510.
22. Sold merchandise on account to Tabor Co., $55,400, terms 2/10, n/30. The cost of the goods sold was $35,190.
23. Sold merchandise for cash, $39,930. The cost of the goods sold was $22,780.
28. Paid Parsley Co. a cash refund of $6,110 for returned merchandise from sale of July 6 . The cost of the returned merchandise was $3,350.
31. Paid MasterCard service fee of $3,830.
Journalize the transactions