Shankar Company uses a perpetual system to record inventory transactions. The company purchases Inventory on account on February 2 for $37.000 and then sells this inventory on account on March 17 for $57,000. Record transactions for the purchase and sale of inventory. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet < 1 2. 3 Record the purchase of inventory on account. Note: Enter debits before credits Date February 02 General Journal Debit Credit Record entry Clear entry View general journal