The phonetic transcription of "straley" is /streɪli/. In this word, the "str" sound at the beginning is represented by the letters "s-t-r," which make the sound /str/. The "a" sound in the middle is represented by the letter "a" itself, and the "l" sound at the end is represented by the letter "l." The "ey" ending is represented by the letters "e-y" which make the sound /i/. Therefore, the correct spelling of the word "straley" is s-t-r-a-l-e-y.