accouting

On June 5, Staley Electronics purchases 100 units of inventory on account for $10 each. After closer examination, Staley determines 20 units are defective and returns them to Its supplier for full credit on June 9. All remaining Inventory is sold on account on June 16 for $15 each Required: Record transactions for the purchase, return, and sale of inventory 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 fleld.) View transaction that Journal entry worksheet 1 2 Record the purchase of Inventory on account. Note: Enter debits before credits Dato General Journal Debit Credit June 05 On June 5, Staley Electronics purchases 100 units of Inventory on account for $10 each. After closer examination, Staley determines 20 units are defective and returns them to its supplier for full credit on June 9. All remaining Inventory is sold on account on June 16 for $15 each. Required: Record transactions for the purchase, return, and sale of inventory 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 fleld.) View transaction list Journal entry worksheet