Shankar Company uses a periodic system to record inventory transactions. The company purchases Inventory on account on February 2 for $22.000 and then sells this inventory on account on March 17 for $42,000. Record transactions for the purchase and sale of Inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account fleld.) View transaction list Journal entry worksheet Record the purchase of inventory on account. Note: Enter debits before credits Date General Joumal Debit Credit February 02 Record entry Clear entry View general journal