How would I prepare the General Journal entries to record these transactions ? with explanations

2. CA7 Points) serene Spa Sales uses the perpetual inventory system and had the following transactions during August. Aug 1 Sold merchandise on credit for S5,000, terms 3/10, nU30. The items sold had a cost of S3,500. S2,720. merchandise for cash, 4 Purchased merchandise on credit for $2,600, terms 1/20, n/30. 5 Issued a credit memorandum for S3,000 to a customer who returned merchandise urchased July 20. The returned items had a cost of S2,010. payment for merchandise sold August 1 100 Received 15 Received a credit memorandum from the seller for the return of faulty merchandise purchased on August 4 for $600. freight charges of $200 for merchandise ordered last month. (FOB shipping 18 Paid oint 23 Paid for the merchandise purchased August 4 less the portion that was returned. 24 Sold merchandise on credit for S7,000, terms 2/10, n/30. The items had a cost of S4,900 31 Received payment for merchandise sold on August 24. Required: on the following page, prepare the general journal entries to record these transactions. Explanations are required