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Shankar Company uses a perpetual system to record inventory transactions. The company purchases Inventory on...

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Accounting

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Shankar Company uses a perpetual system to record inventory transactions. The company purchases Inventory on account on February 2 for $25.000 In addition to the cost of Inventory, the company also pays $450 for freight charges associated with the purchase on the same day, Record the purchase of Inventory on February 2, including the freight charges. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) book int rences View transaction list Journal entry worksheet 2 > Record the purchase of inventory on account Note: Enter debits before credits General Journal Date February 02 Debit Credit

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