any assistance with this will be very helpful

14 points During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $5,700 from Diamond Inc. with terms 2/10, n/30. 5 Returned goods costing $1,900 to Diamond Inc. for credit: on account. 6 Purchased goods from Club Corp. for $1,400 with terms 2/10, n/30. 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full. Required: Preparejournal entries to record the transactions, assuming Ace records discounts using the net method in a perpetual inventory system. Forfeited discounts are charged to Other Operating Expenses. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the rst account eld.) 6 Answer is not complete. 1 June 03 Inventory 9 5,700 6 Accounts Payable 9 5,700 6 2 June 05 Accounts Payable 9 1,900 0 Inventory 9 1,900 6 a June 06 Inventory 9 1,900 6 Accounts Payable 9 1,900 8 4 June 11 Accounts Payable 9 3,800 6 Cash 9 3,724 9 Inventory 6 76 5 June 22 Accounts Payable 9 1,400 6 Cash 8 1,400 0