! Required information [The following information applies to the questions displayed below.] 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 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.) View transaction list Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits. General Journal Date Debit Credit June 05 View general journal Record entry Clear entry