Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February $2$ for $$35,000,$ with terms $\frac{1}{10},\frac{n}{30}.$ On February $10,$ the company pays on account for the inventory.

Record $($a$)$ the inventory purchase on account on February $2$ and $($b$)$ 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.$)$

Journal entry worksheet

$1$

$2$

Record the purchase of inventory on account.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$February $02,$t$,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$