nnect UNTING Instructions I help Question 5 (of Save & Ext Submit Time remalning: 02927 Shankar Company uses a periodic system to record inventory transactions. The company purchases inventory on account on February 2 for $28,000 in addition to the cost of inventory, the company also pays $480 for freight charges associated with the purchase on the same day Record the purchase of inventory on February 2, including the freight charges. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the purchase of inventory on account Note: Enter debits before credits. Date General Journal Debit Credit February 02 Record entry Clear entry View general journal