Brief Exercise 8-6 (Static) Freight-in on purchase; perpetual system [LO8-3] 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 perpetual inventory system. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet A B Record the inventory purchased on account for $100,000. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit