Question 3 (11 points) Needing to record the following merchandise inventory transactions, ACME Limited wants your help with recording all purchase/sales discounts for early payment when they make their payments. Ignore any sales/excise taxes. (11 marks): Aug 3 Sold inventory costing $2,877 to Daze-On Inc. on credit for $5,458. Terms 1/10 net 30. Aug 8 Purchased inventory costing $8,207 from Faze-On Inc. on credit. Terms 2/10 net 30. Aug 9 Daze-On Inc. paid their account, for the full amount Aug 12 Sent a payment to Faze-On Inc. for $3,000 Aug 14 $607 of the merchandise sold on Aug 3 to Daze-On Inc. was damaged and not salvageable. They want a credit on account. Aug 30 ACME Limited discovered that $898 worth of merchandise is defective and returned it to Faze-On Inc. for adjustment to the account