Shankar Company uses a perpetual system to record inventory transactions. The company purchases 2.000 units of inventory on account on February 2 for $58,000 ($29 per unit) but then returns 150 defective units on February 5 Record the inventory purchase on February 2 and the Inventory return on February 5 (if no entry is required for a particular transaction/event, select "No Journal Entry Required" In the first account field.) View transaction litat View journal entry worksheet No Date General Journal Debit Credit