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%, 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 $7,150 for returned merchandise from sale of July 6. The cost of the returned merchandise was $4,250.
31 Paid MasterCard service fee of $1,650.
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

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Chart of Accounts

CHART OF ACCOUNTS
Essex Company
General Ledger
ASSETS
110 Cash
121 Accounts Receivable-Parsley Co.
122 Accounts Receivable-Tabor Co.
125 Notes Receivable
130 Merchandise Inventory
131 Estimated Returns Inventory
140 Office Supplies
141 Store Supplies
142 Prepaid Insurance
180 Land
192 Store Equipment
193 Accumulated Depreciation-Store Equipment
194 Office Equipment
195 Accumulated Depreciation-Office Equipment
LIABILITIES
211 Accounts Payable-Hamling Co.
212 Accounts Payable-Kester Co.
216 Salaries Payable
218 Sales Tax Payable
219 Customers Refunds Payable
221 Notes Payable
EQUITY
310 Owner, Capital
311 Owner, Drawing
312 Income Summary
REVENUE
410 Sales
610 Interest Revenue
EXPENSES
510 Cost of Merchandise Sold
521 Delivery Expense
522 Advertising Expense
524 Depreciation Expense-Store Equipment
525 Depreciation Expense-Office Equipment
526 Salaries Expense
531 Rent Expense
533 Insurance Expense
534 Store Supplies Expense
535 Office Supplies Expense
536 Credit Card Expense
539 Miscellaneous Expense
710 Interest Expense
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Journal

Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles.

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