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Shankar Company uses a per dic system to record inventory transactions. The company purchases inventory on account on February 2 for $33,000. In addition to

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Shankar Company uses a per dic system to record inventory transactions. The company purchases inventory on account on February 2 for $33,000. In addition to the cost of inventory, the company also pays $530 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 llat Journal entry worksheet 1 2 Record the purchase of inventory on account. Noter Enter debits before credits Debit Credit General Journal Date February 02

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