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Required information [The following information applies to the questions displayed below) On June 5, Staley Electronics purchases 140 units of inventory on account for $10

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Required information [The following information applies to the questions displayed below) On June 5, Staley Electronics purchases 140 units of inventory on account for $10 each, with terms 3/10,n/30. Staley pays for the inventory on June 12. Required: Record transactions for the purchase of inventory on account and payment on account using a perpetual system, (If no entry is equired for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Journal entry worksheet Note: Enter debits before credits

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