Book During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $4,700 from Diamond Incorporated with terms 2/10, n/30. June 5 Returned goods costing $1,400 to Diamond Incorporated for credit on account. June 6 Purchased goods from Club Corporation for $1,300 with terms 2/10, 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.) Hint View transaction list View journal entry worksheet 14 No Date General Journal. Print 1 June 03 Inventory Debit Credit 4,700 Accounts Payable 4,700 eferences ' 2 June 05 Accounts Payable Inventory 1,400 1,400 3 June 06 Inventory Accounts Payable t 4 June 11 Accounts Payable 3,300 Cash 4,559 Inventory 141 5 June 22 Accounts Payable Cashi