Business, 08.12.2020 14:00 lizzymikaelson22

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. 2. Assume payment is made on June 22. Record the payment on account assuming the company uses a perpetual inventory system.

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On June 5, Staley Electronics purchases 120 units of inventory on account for $15 each, with terms 1...

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