Refer to the information in BE6-9, but now assume that Shankar uses a periodic system to record

Question:

Refer to the information in BE6-9, but now assume that Shankar uses a periodic system to record inventory transactions. Record transactions for the purchase and sale of inventory.
In BE-9
The company purchases inventory on account on February 2, 2012, for $30,000 and then sells this inventory on account on March 17, 2012, for $50,000.