hankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on ebruary 2 for $27,000 and then sells this inventory on account on March 17 for $47,000. Record transactions for (a) the purchase of inventory on account and (b) the sale of inventory on account. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Lotrinal entry worksheet Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $30,000 In addition to the cost of inventory, the company also pays $500 for freight charges associated with the purchase on the same dar Record (a) the purchase of inventory on account and (b) payment of freight charges. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet Shankar Company uses a perpetual system to record inventory transactions, The company purchases inventory on account on February 2 for $27,000 and then sells this inventory on account on March 17 for $47,000. Record transactions for (a) the purchase of inventory on account and (b) the sale of inventogy on account. (If no entry is required for. particular transaction/event, select "No Journal Entry Required" in the first account fieid.) Journal entry worksheet Shankar Company uses a perpetual system to record inventory transactions. The company pluchiases inventory on account on February 2 for $30,000 In adcition to the cost of inventory, the company also pays $500 for freight charges associated with the purchase on the same day. Record (a) the purchase of inventory on account and (b) payment of freight charges (If ho entry is required for a particular transaction/event, select "No Journol Entry Required" in the first account field.) Journal entry worksheet