During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $3,200 from Diamond Inc. with terms 2/10, n/30 5 Returned goods costing $1,100 to Diamond Inc. for full credit 6 Purchased goods from Club Corp. for $1,000 with terms 2/10, n/30 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full Required: Using the information, prepare journal entries to record the transactions, assuming Ace uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal 1 June 03 Accounts payable Inventory Cash 2 June 05 Inventory Accounts payable 3 June 06 Accounts payable Inventory Debit Credit 3,200 62 3,136 1,100 1,100 1,000 20