XYZ Corp had the following transactions during June 2023:

• Sold goods for $10,000 cash.
• Purchased inventory on credit for $5,000.
• Paid $2,000 for operating expenses.

Prepare the journal entries to record these transactions. Explain the double-entry accounting system and how journal entries are used to record business transactions accurately. Discuss the role of accounting principles, such as the matching principle and revenue recognition principle, in determining when transactions should be recorded and how they should be reflected in financial statements.