E$6-22($Algo$)($Supplement $6$A$)$ Recording Journal Entries for Purchases, Purchase Discounts $($Net Method$),$ and Purchase Returns Using a Perpetual Inventory System $[$LO $6-$S$1]$

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

June $3$ Purchased goods for $$5,900$ from Diamond Incorporated with terms $2/10,$ n$/30.$

June $5$ Returned goods costing $$2,000$ to Diamond Incorporated for credit on account.

June $6$ Purchased goods from Club Corporation for $$1,450$ 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.$)$