Current Attempt in Progress Lawn Butler recorded the following in its tabular analysis. What is the nature of the transaction recorded on June 5? June 1 June 5 Assets Cash + Inventory 6,200 2,140 770 = = Liabilities 770 + Accounts Payable + Common Stock Purchase of inventory for cash Purchase of inventory on account Return of inventory to the supplier Payment of inventory previously acquired on account Stockholders' Equity + Sales Revenue Expenses

Current Attempt in Progress Lawn Butler recorded the following in its tabular analysis. What is the nature of the transaction recorded on June 5 ? Purchase of inventory for cash Purchase of inventory on account Return of imventory to the supplier Payment of inventory previously acquired on account