E6-21 (Supplement 6A) Recording Journal Entries for Purchases, Purchase Discounts (Gross Method), and Purchase Returns Using a Perpetual Inventory System [LO 6-S1 During the month of June, Ace Incorporated purchased goods from two suppliers. The sequence of events was as follows June 3 Purchased goods for $5,580 from Diamond Inc. with terms 3/10, n/3. 5 Returned goods costing $1,880 to Diamond Inc. for credit on account. 6 Purchased goods from Club Corp. for $1,780 with terms 3/10, n/30. 11 Paid the balance owed to Diamond Inc. 22 Paid Club Corp. in full. Required Prepare journal entries to record the transactions, assuming Ace records discounts using the gross method in 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 Journal entry worksheet Record the inventory purchased of $5,500 on account from Diamond Inc. with terms 3/10, n/30