On June 5, Staley Electronics purchases 160 units of inventory on account for $15 each, with terms 1/10, n/30. Staley pays for the inventory on June 12.

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On June 5, Staley Electronics purchases 160 units of inventory on account for $15 each, with terms 1/10,n/30. Staley pays for the inventory on June 12. Assume payment is made on June 22 . Record the payment on account assuming the company uses a perpetual inventory system. no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet