On June 5, Staley Electronics purchases 210 units of inventory on account for $21 each. After closer examination, Staley determines 30 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 $37 each.

Required:

Record transactions for the purchase, return, and sale of inventory assuming the company uses a perpetual inventory system.

1	June 05
2	June 09
3	June 16
4	June 16