During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows:

June		3		Purchased goods for $4,900 from Diamond Inc. with terms 3/10, n/30.
		5		Returned goods costing $1,500 to Diamond Inc. for credit on account.
		6		Purchased goods from Club Corp. for $1,400 with terms 3/10, n/30.
		11		Paid the balance owed to Diamond Inc.
		22		Paid Club Corp. in full.

Required:

Assume Ace records discounts using the gross method in a perpetual inventory system. Prepare the journal entries to record each of the payment transactions.