1. Record transactions for the purchase of inventory and payment on account assuming the company uses a perpetual inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

On June 5, Staley Electronics purchases 200 units of Inventory on account for $19 each, with terms 2/10, n/30. Staley pays for the Inventory on June 12 value 4.16 points 1. Record transactions for the purchase of inventory and payment on account assuming the company uses 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 view general journal Journal Entry Worksheet Record the payment on Record the payment on account. Date General Journal Debit Credit June 12 Enter debits before credits done clear entry record entry