Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $30,000, with terms 2/10, n/30. On February 10, the company pays for the inventory that was purchased on account. Record the inventory purchase on February 2 and the payment on February 10. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the purchase of inventory on account. Note: Enter debits before credits Date General Journal Debit Credit February 02 Record entry Clear entry View general Journal Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $30,000, with terms 2/10,n/30. On February 10, the company pays for the inventory that was purchased on account. Record the inventory purchase on February 2 and the payment on February 10. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 Record the payment for the inventory that was purchased on account. Note: Enter debits before credits Date General Journal Debit Credit February 10 Record entry Clear entry View general Journal