On June 5, Staley Electronics purchases 250 units of inventory on account for $12 each,...
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Accounting
On June 5, Staley Electronics purchases 250 units of inventory on account for $12 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 inventory system. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list view general journal Journal Entry worksheet Record the purchase of inventory on account. General Journal Debit credit Date June 05 nter debits before credits done clear entry record entry
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