Exercise 6-78 Record inventory purchase and purchase return using a perpetual system (L06-5) On June 5, a company purchases 260 units of inventory on account for $26 each. After closer examination, the company determines 30 units are defective and returns them to its supplier for full credit on June 9. All remaining inventory is sold on account on June 16 for $47 each Required: Record transactions for the purchase, return, and sale of inventory 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.) Answer is not complete. No Dato General Journal Credit Dobit 6,760 1 June 05 Inventory 2 June 09 Accounts Payable 780 3 June 16 Accounts Receivable 10,810 4 June 16 Cost of Goods Sold 12,000 X