Please provide explanations if possible.

Steelers Inc. had the following transactions in February. Prepare the appropriate journal entries, then answer the questions that follow. Date Transaction Feb. 5 Purchased inventory on account for $3000, credit terms 1/15, EOM Feb. 7 Sold $525 of merchandise on account, credit terms 4/10, n/30. Cost of the goods is $250. Feb. 9 Paid $50 for transportation of goods purchased on February 5 Feb. 10 Returned $300 of defective merchandise to the seller from February 5 purchase Feb. 15 Received payment from customer for the amount due from the February 7 sale Feb. 18 Paid for goods purchased on February 5. 1) What is the total amount of Revenue recorded during the month? 2) What is the total amount of Cost of Goods Sold recorded during the month? 3) What is the balance in inventory at the end of the month