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Brief Exercise 6-11 (Algo) Record freight charges for inventory using a perpetual system (LO6-5) Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $26,000 In addition to the cost of inventory, the company also pays $460 for freight charges associated with the purchase on the same d; Record (a) the purchase of inventory on account and (b) payment of freight charges. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet