Shankar Company uses a periodic system to record inventory transactions. The company purchases inventory on account on February for $ and then sells this inventory on account on March for $
Record transactions for the purchase and sale of inventory. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field.
Journal entry worksheet
Record the purchase of inventory on account.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditFebruary
