13 Shankar Company uses a periodic system to record inventory transactions. The company purchases inventory on account on February 2 for $23,000 and then sells this inventory on account on March 17 for S43,000. Record transactions for the purchase and sale of inventory. (If no entry is required for a particular transactionlevent, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits berore credits. Date General Journal Debit Credit February 02