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Current Attempt in Progress June 4 Ace Discount Retail Company purchased $9,000 of merchandise, terms n/30 from A1 Supply Company. The cost of the merchandise

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Current Attempt in Progress June 4 Ace Discount Retail Company purchased $9,000 of merchandise, terms n/30 from A1 Supply Company. The cost of the merchandise was $6,300. 12 Ace Discount Retail returned $500 of goods to A1 Supply for full credit. The goods had a cost of $350 to A1 Supply. 12 Ace Discount Retail paid the account in full. Assume use of the perpetual inventory system for bothicompanies. Prepare the journal entries to record these transactions in A1 Supply's records, (Credit account titles are automatically indented when the amount is entered. Da not indent manually. Record joumol entries in the order presented in the problem. tibt all debit entries before credit entries.)

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