This is the given information. Based on this information construct a general journal by populating the journal entries (for each of the given dates). Also construct an income statement and asses the impact on income. This is an example of the format of the questions.

0 8 1 8 August 5. The merchandise had cost $4,000 invoice dated August 8 9 Aug. 9 Paid $725 cash for shipping charges related to the August 5 sale to Perez Corp merchandise was restored to inventory Aug. 15 Received balance due from Perez Corp. for the August 5 sale less the return on August 10 Aug. 18 Paid the amount due Garcia Corporation for the August 8 purchase less the price allowance from August 12 6 0 19. The merchandise had cost $2,050 8 Griffin's sent Clark a $500 credit memorandum toward the 4,100 invoice to resolve the 133ue. 5 9 Aug. 30 Paid Brown Company the amount due from the August 1 purchase