Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $28,000, 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.) No 1 Date February 02 Inventory Accounts Payable 2 February 10 Accounts Payable Cash Answer is not complete.. General Journal Debit Credit 28,000 28,000 28,000 28,000