Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $39,000, with terms 2/10,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 Record the purchase of inventory on account. Note: Enter detits before credits. Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $39,000, with terms 2/10, 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 Record the payment for the inventory that was purchased on account. Nobe: Enter debits before credits