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there are 2 things asked to do for this problem ...

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Accounting

there are 2 things asked to do for this problem
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A company purchased inventory on account for $100,000. Freight charges to have the inventory shipped to the company's location were $5,000 (paid in cash). Record (1) the purchase of inventory on account and (2) freight charges, assuming the company uses a periodic inventory system. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the inventory purchased on account for $100,000. Note: Enter debits before cred ts. A company purchased inventory on account for $100,000. Freight charges to have the inventory shipped to the company's location were $5,000 (paid in cash). Record (1) the purchase of inventory on account and (2) freight charges, assuming the company uses a periodic inventory system. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record freight charges to have the inventory shipped to the company's location for $5,000 (paid in cash). Note: Enter debits before credits

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