Please help me with this accounting question.

Question: Recording sale and purchasing transactions

Jordan footwear sells athletic shoes and uses the perpetual inventory system. During June, Jordan engaged in the following transactions in its first month of operations:

• On June 1, Jordan purchased, on credit 100 pairs of basketball shoes and 210 pairs of running shoes with credit terms of 2/10, n/30. The basketball shoes were purchased at a cost of $85 per pair, and the running shoes were purchased at a cost of $60 per pair. Jordan paid Mole trucking $310 cash to transport the shoes from the manufacturer to Jordans warehouse, shipping terms were F.O.B. shipping point, and the items were shipped on June 1 and arrived on June 4.
• On June 2, Jordan purchased 88 pairs of cross training shoes for cash. The shoes cost Jordan $65 per pair.
• On June 6, Jordan purchased 125 pairs of tennis shoes on credit. Credit terms were 2/10, n/25. The shoes were purchased at a cost of $45 per pair.
• On June 10, Jordan paid for the purchase of the basketball shoes and the running shoes in transaction (a).
• On June 12, Jordan determined that $585 of the tennis shoes were defective. Jordan returned the defective merchandise to the manufacturer.
• On June 18, Jordan sold 50 pairs of basketball shoes at $116 per pair, 92 pairs of running shoes for $85 per pair, 21 pairs of cross training shoes for $100 per pair and 48 pairs of tennis shoes for $68 per pair. All sales were for cash. The cost of merchandise sold was $13,295.
• On June 21, customers returned 10 pairs of the basketball shoes purchased on June 18. The cost of merchandise returned was $850.
• On June 23, Jordan sold another 20 pairs of basketball shoes, on credit for $116 per pair and 15 pairs of cross-training shoes for $100 cash per pair. The cost of the merchandise sold was $2,675.
• On June 30, Jordan paid for the June 6 purchase of tennis shoes less the return on June 12.
• On June 30, Jordan purchased 60 pairs of basketball shoes on credit for $85 each. The shoes were shipped F.O.B. destination and arrived at Jordan on July 3.

REQUIRED

• Explain the impact of each transaction during the month of June on Jordans financial statements.
• Prepare journal entries to record the sale and purchase transactions for Jordan during June 2011.
• Post the journal entries to the account of general ledger.

Question: Recording sale and purchasing transactions Jordan footwear sells athletic shoes and uses the perpetual inventory system. During June, Jordan engaged in the following transactions in its first month of operations: a. On June 1, Jordan purchased, on credit 100 pairs of basketball shoes and 210 pairs of running shoes with credit terms of 2/10, n/30. The basketball shoes were purchased at a cost of $85 per pair, and the running shoes were purchased at a cost of $60 per pair. Jordan paid Mole trucking $310 cash to transport the shoes from the manufacturer to Jordan's warehouse, shipping terms were F.O.B. shipping point, and the items were shipped on June 1 and arrived on June 4. b. On June 2, Jordan purchased 88 pairs of cross training shoes for cash. The shoes cost Jordan $65 per pair. c. On June 6, Jordan purchased 125 pairs of tennis shoes on credit. Credit terms were 2/10, n/25. The shoes were purchased at a cost of $45 per pair. d. On June 10, Jordan paid for the purchase of the basketball shoes and the running shoes in transaction (a). e. On June 12, Jordan determined that $585 of the tennis shoes were defective. Jordan returned the defective merchandise to the manufacturer. f. On June 18, Jordan sold 50 pairs of basketball shoes at $116 per pair, 92 pairs of running shoes for $85 per pair, 21 pairs of cross training shoes for $100 per pair and 48 pairs of tennis shoes for $68 per pair. All sales were for cash. The cost of merchandise sold was $13,295. g. On June 21, customers returned 10 pairs of the basketball shoes purchased on June 18. The cost of merchandise returned was $850. h. On June 23, Jordan sold another 20 pairs of basketball shoes, on credit for $116 per pair and 15 pairs of cross-training shoes for $100 cash per pair. The cost of the merchandise sold was $2,675. i. On June 30, Jordan paid for the June 6 purchase of tennis shoes less the return on June 12. j. On June 30, Jordan purchased 60 pairs of basketball shoes on credit for $85 each. The shoes were shipped F.O.B. destination and arrived at Jordan on July 3. REQUIRED I. II. III. Explain the impact of each transaction during the month of June on Jordan's financial statements. Prepare journal entries to record the sale and purchase transactions for Jordan during June 2011. Post the journal entries to the account of general ledger