! Required information Exercise 6-8 (Algo) Record inventory purchase and purchase discount using a perpetual system (LO6-5) [The following information applies to the questions displayed below.] On June 5, Staley Electronics purchases 120 units of inventory on account for $15 each, with terms 1/10, n/30. Staley pays for the inventory on June 12. Exercise 6-8 (Algo) Part 2 2. Assume payment is made on June 22. Record the 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 journal entry worksheet No Date General Journal 1 June 22 Accounts Payable Debit Credit