Question: Required information Exercise 6-8 (Algo) Record inventory purchase and purchase discount using a perpetual ss, stem (LO6-5) [The following information applies to the questions displayed

 Required information Exercise 6-8 (Algo) Record inventory purchase and purchase discount

Required information Exercise 6-8 (Algo) Record inventory purchase and purchase discount using a perpetual ss, stem (LO6-5) [The following information applies to the questions displayed below.] On June 5, Staley Electronics purchases 150 units of inventory on account for $14 each, with terms 2/10, n/30. Staley pays for the inventory on June 12. Exercise 6-8 (Algo) Part 1 Required: 1. Record transactions for the purchase of inventory on account and payment on account using a perpetual system. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet

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