stuck on this question and what is required, help is needed for all.

Prepare journal entries to record the following merchandising transactions of Knight'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-Hall.) Jul. 1 Purchased merchandise from Hall Company for $10,200 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. Jul. 2 Sold merchandise to Walker Co. for $3,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. The merchandise had cost $1,800. Jul. 3 Paid $965 cash for freight charges on the purchase of July 1. Jul. 8 Sold merchandise that had cost $3,500 for $5,900 cash. Jul. 9 Purchased merchandise from Brown Co. for $4,300 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. Jul. 11 Returned $900 of merchandise purchased on July 9 from Brown Co. and debited its account payable for that amount. Jul. 12 Received the balance due from Walker Co. for the invoice dated July 2, net of the discount. Jul. 16 Paid the balance due to Hall Company within the discount period. Jul. 19 Sold merchandise that cost $3,800 to Wilson Co. for $5,400 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. Jul. 21 Gave a price reduction (allowance) of $1,100 to Wilson Co. for merchandise sold on July 19 and credited Wilson's accounts receivable for that amount. Jul. 24 Paid Brown Co. the balance due, net of discount. Jul. 30 Received the balance due from Wilson Co. for the invoice dated July 19, net of discount. Jul. 31 Sold merchandise that cost $6,700 to Walker Co. for $11, 200 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, elther a deblt or a credit. Total deblts 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. 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 Hall Company for $10,200 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. July 2) Sold merchandise to Walker Co. for $3,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2. July 2) The cost of the merchandise sold to Walker Co. was $1,800. July 3) Paid $965 cash for freight charges on the purchase of July 1. July 8) Sold merchandise for $5,900 cash. July 8) The cost of the merchandise sold was $3,500. July 9) Purchased merchandise from Brown Co. for $4,300 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. July 11) Received a $900 credit memorandum from Brown Co. for the return of part of the merchandise purchased on July 9. July 12) Received the balance due from Walker Co. for the invoice dated July 2, net of the discount. July 16) Paid the balance due to Hall Company within the discount period. July 19) Sold merchandise to Wilson Co. for $5,400 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. July 19) The cost of the merchandise sold to Wilson Co. was $3,800. July 21) Issued a $1,100 credit memorandum to Wilson Co. for an allowance on goods sold on July 19. July 24) Paid Brown Co. the balance due, net of discount. July 30) Received the balance due from Wilson Co. for the invoice dated July 19, net of discount. 7-10 0 Saved $10,200 under credit terms of 1/15, n/30, FOB shipping point, invoice dated July 1. July 2) Sold merchandise to Walker Co. for $3,000 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 2 July 2) The cost of the merchandise sold to Walker Co. was $1,800. July 3) Paid $965 cash for freight charges on the purchase of July 1. July 8) Sold merchandise for $5,900 cash. July 8) The cost of the merchandise sold was $3,500. July 9) Purchased merchandise from Brown Co. for $4,300 under credit terms of 2/15, n/60, FOB destination, invoice dated July 9. July 11) Received a $900 credit memorandum from Brown Co. for the return of part of the merchandise purchased on July 9. July 12) Received the balance due from Walker Co. for the invoice dated July 2, net of the discount. July 16) Paid the balance due to Hall Company within the discount period. July 19) Sold merchandise to Wilson Co. for $5,400 under credit terms of 2/15, n/60, FOB shipping point, invoice dated July 19. July 19) The cost of the merchandise sold to Wilson Co. was $3,800. July 21) Issued a $1,100 credit memorandum to Wilson Co. for an allowance on goods sold on July 19. July 24) Paid Brown Co. the balance due, net of discount. July 30) Received the balance due from Wilson Co. for the invoice dated July 19, net of discount. July 31) Sold merchandise to Walker Co. for $11,200 under credit terms of 2/10, n/60, FOB shipping point, invoice dated July 31. July 31) The cost of the merchandise sold to Walker Co. was $6,700. Total gross profit $ 0