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A company purchased inventory on account for $170,000. Freight charges to have the inventory shipped to the company's iocation were $19,000 (paid in cash). Record

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A company purchased inventory on account for $170,000. Freight charges to have the inventory shipped to the company's iocation were $19,000 (paid in cash). Record (7) the purchase of inventory on account and (2) freight charges, assuming the company uses a perpetual inventory system. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account fleid

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