Elite Apparel purchased 80 new shirts for cash and recorded a total cost of $2,620, determined as follows: $2,180 175 145 Invoice amount Shipping charges Import taxes and duties Interest paid in advance on loan to finance the purchase 120 $ 2,620 Required: Prepare the journal entry to record this purchase in the correct amount, assuming a perpetual inventory system. (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 1 Record the purchase of shirts. Note: Enter debits before credits. Transaction General Journal Debit Credit