On June 5, Staley Electronics purchases 110 units of inventory on account for $11 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 $17 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.) Answer is complete but not entirely correct. No 1 Date June 05 General Journal Inventory Accounts Payable 2 June 09 Accounts Payable Inventory 3 June 161 Accounts Receivable Sales Revenue O 4 June 16 Cost of Goods Sold Inventory Debit Credit 1,210 1,210 220 220 1,360 1,360 X 880 880