On June 5, Staley Electronics purchases 240 units of inventory on account for $24 each....
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Accounting
On June Staley Electronics purchases units of inventory on account for $ each. After closer examination, Staley determines units are defective and returns them to its supplier for full credit on June All remaining inventory is sold on account on June for $ each.
Required:
Record transactions for a the purchase of inventory on account, b the return of defective inventory, and c the sale of inventory on account using a perpetual system. If no entry is required for a transactionevent select No Journal Entry Required" in the first account field.Errlol look
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