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During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows: June 3 Purchased goods for $

During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows:
June 3 Purchased goods for $7,900 from Diamond Incorporated with terms 2/10, n/30.
June 5 Returned goods costing $3,000 to Diamond Incorporated for credit on account.
June 6 Purchased goods from Club Corporation for $1,950 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.)
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