On June $5,$ Staley Electronics purchases $280$ units of inventory on account for $$28$ each. After closer examination, Staley 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 $$51$ 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.

Note: If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.

Journal Entry Worksheet

$1)$ Record the purchase of inventory on account.

$2)$ Record the return of inventory purchased.

$3)$ Record the sale of inventory on account.

$4)$ Record the cost of inventory sold.