On June 5, Staley Electronics purchases 240 units of inventory on account for $20 each, with terms 1/10, n/30. Staley pays for the inventory on June 12. Required: . Record transactions for the purchase of inventory and payment on account 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.) Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits; Journal entry worksheet Record the payment on account. Note: Enter debits before credits