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On June 5, a company purchases 230 units of inventory on account for $23 each. After closer examination, the company determines 20 units are defective

On June 5, a company purchases 230 units of inventory on account for $23 each. After closer examination, the company 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 $41 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 field.)

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