Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $22,000 with terms 2/10, 1/30 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 2 Record the purchase of inventory on account General Journal Debit Date February 02 Credit Record entry Clear entry View general Journal