Please Answer 1-5

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $7,960 from Diamond Incorporated with terms 3/10,n/30. June 5 Returned goods costing $3,000 to Diasond Incorporated for credit on account. June 6 Purchased goods from Club Corporation for $2,900 with terms 3/10,n/30. June 11 Paid the balance owed to Diamond Incorporated. June 22 Paid Club Corporation in full. Required: Prepare journal entries to record the transactions, assuming Ace records discounts using the gross method in a perpetual inventory system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1 Record the inventory purchased of $7,900 on account from Diamond Incorporated with terms 3/10,n/30. 2 Record the inventory returned of $3,000 to Diamend Incorporated. 3 Record the inventory purchased of $2,900 on account from Club Corporation with terms 3/10,n/30. 4. Record the payment in full for the inventory to Diamond incorporated. (5) Record the payment in full for the inventory to Club Corporation. Note : = journal entry has been entered