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Required Information [The following information applies to the questions displayed below.] On June 5, Staley Electronics purchases 130 units of inventory on account for $15
Required Information [The following information applies to the questions displayed below.] On June 5, Staley Electronics purchases 130 units of inventory on account for $15 each, with terms 2/10. 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 invent system. (If no entry is required for a transaction/event, select "No Journal Entry Requlred" In the first account fleld.) View transaction list Journal entry worksheet
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