pecialty Store uses a periodic inventory system. The following are some inventory transactions for the month or May: 1. Speclalty Store purchased inventory on account for $5.900. Freight charges of $750 wete pald in cast. Store's account was ciedited by the suppliet. 3 Inventory costing $3,250 was sold for $6.100 in cash. Required: Prepare the necossary joumal entrles to record these transactions. Note: If no entry is required for a transoction/event, select "No joumal entry required" in the first account fiold. epare the necessary journal entries to record these transactions. ote: If no entry is required for a transaction/event, select "No journal entry required" in the first occount field