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no handwriting please M7-2 (Algo) Recording the Cost of Purchases for a Merchandiser L07-1 Select Apparel purchased 90 new shirts and recorded a total cost

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M7-2 (Algo) Recording the Cost of Purchases for a Merchandiser L07-1 Select Apparel purchased 90 new shirts and recorded a total cost of $2,802 determined as follows: Invoice cost Shipping charges Trport taxes and duties Interest (6.01) on $2,330 borrowed from the bank to finance the purchase $2.802 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 Record the cost of the purchase, assuming a perpetual Inventory system Note: Enter debits before credits General Journal Debit Credit Record entry Clear entry View general journal

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