During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $7,300 from Diamond Incorporated with terms 2/10, n/30. June 5 Returned goods costing $2,700 to Diamond Incorporated for credit on account. June 6 Purchased goods from Club Corporation for $1,800 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 net method in a perpetual Inventory system. Forfeited discounts are charged to Other Operating Expenses. (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. int Date General Journal Debit Credit 1 June 03 Inventory Accounts Payable rences 2 June 05 Accounts Payable Inventory 3 June 06 Inventory Accounts Payable 4 June 11 Accounts Payable Cash