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Required information Exercise 6-8A Record inventory purchase and purchase discount using a perpetual system (L06-5) [The following information applies to the questions displayed below.) On
Required information Exercise 6-8A Record inventory purchase and purchase discount using a perpetual system (L06-5) [The following information applies to the questions displayed below.) On June 5, Staley Electronics purchases 200 units of inventory on account for $19 each, with terms 2/10, n/30. Staley pays for the inventory on June 12. Exercise 6-8A Part 1 Required: 1. 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 payment on account. Note: Enter debits before credits. Date General Journal June 12 Debit Credit Record entry Clear entry View general Journal
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