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[ The following information applies to the questions displayed below. ] On June 5 , Staley Electronics purchases 1 0 0 units of inventory on

[The following information applies to the questions displayed below.]
On June 5, Staley Electronics purchases 100 units of inventory on account for $10 each, with terms 2/10, n/30. Staley pays for the inventory on June 12.
Required:
1. Record transactions for the purchase of inventory on account and payment on account using a perpetual system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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