Shankar Company uses a perpetual system to record inventory transactions. The company purchases 1,000 units of inventory on account on February 2, 2015, for $39,000 ($39 per unit) but then returns 50 defective units on February 5, 2015. 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.)