Shankar Company uses a perpetual system to record Inventory transactions. The company purchases inventory on account on February 2 for $22,000 and then sells this inventory on account on March 17 for $42,000. Record transactions for the purchase and sale of inventory. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lat Journal entry worksheet 1 2 3 > Record the purchase of inventory on account. Note: Enter debits before credits General Journal Date February 02 Debit Credit Record entry Clear entry View general Journal