I just need help with the income statement and the impact on income

Prepare journal entries to record the following merchandising transactions of Cabela'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--Boden.) Jul. 1 Purchased merchandise from Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. Jul. 2 Sold merchandise to Creek Co. for $900 under credit terms of 2/10, 1/60, FOB shipping point, invoice dated July 2. The merchandise had cost $500. Jul. 3 Paid $125 cash for freight charges on the purchase of July 1. Jul. 8 Sold merchandise that had cost $1,300 for $1,700 cash. Jul. 9 Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. Jul. 11 Returned $200 of merchandise purchased on July 9 from Leight co. and debited its account payable for that amount. Jul. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. Jul. 16 Paid the balance due to Boden company within the discount period. Jul. 19 Sold merchandise that cost $800 to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19 Jul. 21 Gave a price reduction (allowance) of $100 to Art Co. for merchandise sold on July 19 and credited Art's accounts receivable for that amount. Jul. 24 Paid Leight Co. the balance due, net of discount. Jul. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount, Jul. 31 Sold merchandise that cost $4,800 to Creek Co. for $7,000 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 General Journal tab - Journalize the merchandising transactions. The General Ledger, trial balance and schedules of accounts receivable and accounts payable will be updated based on your entries. General Ledger Tab - One of the advantages of general ledger software is that posting is done automatically. To see the detail of all transactions that affect a specific account, or the balance in an account at a specific point in time, click on the General Ledger tab. Trial Balance Tab - General ledger software also automates the preparation of trial balances. A trial balance lists each account from the General Ledger, along with its balance, either a debit or a credit. Total debits should always equal total credits Income Statement tab - Prepare the income statement through the calculation of gross profit. Impact on Income tab - Indicate the impact each transaction had on net income. View transaction list View journal entry worksheet 1x No Date Debit Credit 1 Jul 01 Account Title Merchandise inventory Accounts payable - Boden 6,000 6,000 2. Jul 02 900 Accounts receivable - Creek Sales 900 3 Jul 02 500 Cost of goods sold Merchandise inventory 500 4 Jul 03 125 Merchandise inventory Cash 125 5 Jul 08 Cash Sales 1,700 1,700 6 Jul 08 1,300 Cost of goods sold Merchandise inventory 1,300 7 Jul 09 2,200 Merchandise inventory Accounts payable - Leight 2.200 8 Jul 11 200 Accounts payable - Leight Merchandise inventory 200 9 Jul 12 Cash 882 Sales discounts 18 Accounts receivable - Creek 900 900 Accounts receivable - Creek 10 Jul 16 6,000 Accounts payable - Boden Cash 5,940 Merchandise inventory 60 11 Jul 19 1,200 Accounts receivable - Art Sales 1,200 12 Jul 19 800 Cost of goods sold Merchandise inventory 800 13 Jul 21 100 Sales returns and allowances Accounts receivable - Art 100 14 Jul 24 2,000 Accounts payable - Leight Cash Merchandise inventory 1,960 40 15 Jul 30 Cash Sales discounts Accounts receivable - Art 1,078 22 1.100 16 Jul 31 Accounts receivable - Creek Sales 7.000 7.000 17 Jul 31 Cost of goods sold Merchandise inventory 4.800 4.800 General Journal General Ledger Schedule of Receivables Schedule of Payables Requirement Trial Balance Income Statement Impact on Income The trial balance is a listing of all account balances from the General Ledger as of a specific date. Click on any individual account balance to return to the General Ledger. The trial balance is only as accurate as the underlying journal entries. If the total debits do not equal the total credits, you have a journal entry that is out of balance. If you have an abnormal ending balance (indicated with brackets in the general ledger), you should review the journal entries that affected that account to ensure that the journal entries are correct. Show less Cabela's Company Trial Balance July 31, 2019 Account Title Debit Credit Cash $ 20,635 7,000 5,625 Accounts receivable - Creek Merchandise inventory Common stock Sales Sales returns and allowances Sales discounts Cost of goods sold Total 30,000 10,800 100 40 7.400 40,800 $ $ 40.800 Check merchandise had cost $500. Jul. 3 Paid $125 cash for freight charges on the purchase of July 1. Jul. & Sold merchandise that had cost $1,300 for $1,700 cash. Jul. 9 Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated Ju Jul. 11 Returned $200 of merchandise purchased on July 9 from Leight Co. and debited its account payable for that amount. Jul. 12 Received the balance due from Creek Co. for the invoice dated July 2, net of the discount. Jul. 16 Paid the balance due to Boden Company within the discount period. Jul. 19 Sold merchandise that cost $800 to Art Co. for $1,200 under credit terms of 2/15, n/60, FOB shipping point, invoi July 19. Jul. 21 Gave a price reduction (allowance) of $100 to Art Co. for merchandise sold on July 19 and credited Art's receivable for that amount. Jul. 24 Paid Leight Co. the balance due, net of discount. Jul. 30 Received the balance due from Art Co. for the invoice dated July 19, net of discount. Jul. 31 Sold merchandise that cost $4,800 to Creek Co. for $7,000 under credit terms of 2/10, n/60, FOB shipping point, dated July 31. General Journal Requirement General Ledger Trial Balance Schedule of Receivables Schedule of Payables Income Statement Impact on Income No input required Dates: Jul 01 to: Jul 31 Jul 01 Jul 31 $ 0 Cabela's Company Schedule of Accounts Receivable Accounts receivable - Art Accounts receivable - Boden Accounts receivable - Creek Accounts receivable - Leight Jul 01 Jul 31 7,000 0 0 7,000 Total accounts receivable $ Requirement General Journal General Ledger Trial Balance Schedule of Receivables Schedule of Payables Income Statement Impact on Income Prepare a multiple-step income statement through the calculation of gross profit. Cabela's Company Partial Income Statement For the Month Ended July 31, 2019 $ 0 $ 0 0 0 0 $ 0 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 Boden Company for $6,000 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1 July 2) Sold merchandise to Creek Co. for $900 under credit terms of 2/10, n/60, FOB shipping point invoice dated July 2 July 2) The cost of the merchandise sold to Creek Co. was $500 July 3) Paid $125 cash for freight charges on the purchase of July 1 July 8) Sold merchandise for $1,700 cash, July 8) The cost of the merchandise sold was $1,300 July 9) Purchased merchandise from Leight Co. for $2,200 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. July 11) Received a $200 credit memorandum from Leight Co. for the return of part of the merchandise purchased on July 9. July 12) Received the balance due from Creek Co for the invoice dated July 2, net of the discount. July 16) Paid the balance due to Boden Company within the discount period July 19) Sold merchandise to Art Co for $1.200 under credit terms of 2/15, n/60 FOB shipping point invoice dated July 19 July 19) The cost of the merchandise sold to Art Co. was $800 July 21) Issued a $100 credit memorandum to Art Co for an allowance on goods sold on July 19. July 24) Paid Leight Co the balance due, net of discount. July 30) Received the balance due from Art Co. for the invoice dated July 1 July 2) Sold merchandise to Creek Co. for $900 under credit terms of 2/10, n/60 FOB shipping point invoice dated July 2. July 2) The cost of the merchandise sold to Creek Co. was $500! July 3) Paid $125 cash for freight charges on the purchase of July 1 July 8) Sold merchandise for $1,700 cash. July 8) The cost of the merchandise sold was $1,300 July 9) Purchased merchandise from Leight Co for $2.200 under credit terms of 2/15 n/60, FOB destination, invoice dated July 9 July 11) Received a $200 credit memorandum from Leight Co. for the return of part of the merchandise purchased on July 9. July 12) Received the balance due from Creek Co for the invoice dated July 2, net of the discount July 16) Paid the balance due to Boden Company within the discount period July 19) Sold merchandise to Art Co. for $1.200 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. July 19) The cost of the merchandise sold to Art Co was $800 July 21) Issued a $100 credit memorandum to Art Co for an allowance on goods sold on July 19. July 24) Paid Leight Co the balance due, net of discount. July 30) Received the balance due from Art Co. for the invoice dated July 19, net of discount July 31) Sold merchandise to Creek Co. for $7.000 under credit terms of 2/10,n/60, FOB shipping point invoice dated July 31 July 31) The cost of the merchandise sold to Creek Co. was $4,800 Total gross profit $