please answer

Prepare journal entrles to record the following merchandising transactions of Sanchez's, which uses the perpetual Inventory system and the gross method. (Hint: It will help to Identify each recelvable and payable; for example, record the purchase on July 1 In Accounts Payable-Lee.) July 1 Purchased merchandise from Lee Company for $9,400 under credit terms of 1/15, n/3e, foB shipping point, invoice dated July 1. July 2 Sold merchandise to Brown Company for $2,6 under credit terms of 2/10, n/6e, foB shipping point, invoice dated July 2 . The merchandise had cost $1,560. July 3 Paid $805 cash for freight charges on the purchase of July 1. July 8 Sold merchandise that had cost $3,1 ee for $5,100 cash. July 9 Purchased merchandise from Carter Company for $3,990 under credit terms of 2/15, n/6e, FoB destination, invoice dated July 9. July 11 Returned $80e of merchandise purchased on July 9 from Carter Company and debited its account payable for that amount. July 12 Received the balance due from Brown Company for the invoice dated July 2, net of the discount. July 16 Paid the balance due to Lee Company within the discount period. July 19 Sold merchandise that cost $3,20 to Clark Company for $4,600 under credit terms of 2/15, n/6e, FoB shipping point, invoice dated July 19. July 21 Gave a price reduction (allowance) of $900 to Clark Company for merchandise sold on July 19 and credited Clark's accounts receivable for that amount. July 24 Paid Carter Company the balance due, net of discount. July 30 Received the balance due from Clark Company for the invoice dated July 19, net of discount. July 31 Sold merchandise that cost $6,2 to Brown Company for $1,4 under credit terms of 2/10, n/6e, FoB shipping point, invoice dated July 31 . For each transaction, indicate the impact each item had on income and the dollar amount of the change in income, if any