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please need urgent help with the 3 journal entries !! Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on
please need urgent help with the 3 journal entries !! 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 inventory on account. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first occount field.) Journal entry worksheet 3 Record the purchase of inventory on account. Note: Enter debits before credits. 1 Record the purchase of inventory on account. 2 Record the sale of inventory on account. 3 Record the cost of inventory sold
please need urgent help with the 3 journal entries !!
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