help with general journal, income statement & impact on income?

Prepare journal entries to record the following merchandising transactions of Wilson's, which uses the perpetual inventory system and the gross method. (Hint: It will help to identify each receivable and payable; for example, record the purchase on July 1 in Accounts Payable-Zhang.) Jul. 1 Purchased merchandise from Zhang Company for $7,400 under credit terms of 1/15, 1/30, FOB shipping point, invoice dated July 1. 2 Sold merchandise to Knight Co. for $1,600 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $960. Jul. 3 Paid $405 cash for freight charges on the purchase of July 1. Jul. 8 Sold merchandise that had cost $1,900 for $3,100 cash. 9 Purchased merchandise from Taylor Co. for $2,900 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. Jul. 11 Returned $600 of merchandise purchased on July 9 from Taylor Co. and debited its account payable for that amount. Jul. 12 Received the balance due from Knight Co. for the invoice dated July 2, net of the discount. Jul. 16 Paid the balance due to Zhang Company within the discount period. Jul. 19 Sold merchandise that cost $1,800 to Wright Co. for $2,600 under credit terms of 2/15, 1/60, FOB shipping point, invoice dated July 19. Jul. 21 Gave a price reduction (allowance) of $500 to Wright Co. for merchandise sold on July 19 and credited Wright's accounts receivable for that amount. Jul. 24 Paid Taylor Co. the balance due, net of discount. Jul. 30 Received the balance due from Wright Co. for the invoice dated July 19, net of discount. Jul. 31 Sold merchandise that cost $5,000 to Knight Co. for $8,400 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. Requirement General Journal General Ledger Trial Balance Schedule of Receivables Schedule of Payables Income Statement Impact on Income Journalize the merchandising transactions. The General Ledger, trial balance, and schedules of accounts receivable and accounts pavable will be updated based on your entries. Requirement General Journal General Ledger Trial Balance Schedule of Receivables Schedule of Payables Income Statement Impact on Income Journalize the merchandising transactions. The General Ledger, trial balance, and schedules of accounts receivable and accounts payable will be updated based on your entries. View transaction list ww Www www. wwww w.www www Journal entry worksheet wwwwwwwwwww Requirement General Journal General Ledger Trial Balance Schedule of Receivables Schedule of Payables Income Statement Impact on Income For each transaction, indicate the impact each item had on income and the dollar amount of the change in Income, if any. Input decreases to net income as minus sign. Upon completion, compare the gross profit with the amount reported on the partial income statement. Impact on income Increase (decrease to income July 1) Purchased merchandise from Zhang Company for $7,400 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. July 2) Sold merchandise to Knight Co. for $1,600 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2 July 2) The cost of the merchandise sold to Knight Co. was $960. July 3) Paid $405 cash for freight charges on the purchase of July 1. July 8) Sold merchandise for $3,100 cash. July 8) The cost of the merchandise sold was $1,900. July 9) Purchased merchandise from Taylor Co. for $2,900 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. July 11) Received a $600 credit memorandum from Taylor Co. for the return of part of the merchandise purchased on July 9. July 12) Received the balance due from Knight Co. for the July 12) Received the balance due from Knight Co. for the invoice dated July 2, net of the discount. July 16) Paid the balance due to Zhang Company within the discount period July 19) Sold merchandise to Wright Co. for $2,600 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. July 19) The cost of the merchandise sold to Wright Co. was $1,800. July 21) Issued a $500 credit memorandum to Wright Co. for an allowance on goods sold on July 19. July 24) Paid Taylor Co. the balance due, net of discount. July 30) Received the balance due from Wright Co. for the invoice dated July 19, net of discount. July 31) Sold merchandise to Knight Co. for $8,400 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. July 31) The cost of the merchandise sold to Knight Co. was $5,000. Total gross profit $ 0