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Record the purchase of inventory on account. Record the return of inventory purchased. Record the sale of inventory on account. Record there cost of inventory

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Record the purchase of inventory on account.
Record the return of inventory purchased.
Record the sale of inventory on account.
Record there cost of inventory sold.
On June 5, a company purchases 210 units of inventory on account for $21 each. After closer examination, the company 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. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field

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