Shankar Company uses a periodic system to record inventory transactions. The company purchases inventory on account on February 2 for $22.000 In addition to the cost of inventory, the company also pays $420 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 1 2 Record the purchase of Inventory on account. Note: Enter debits before credits General Journal Debit Credit Date February 02 Record entry Clear entry View general Journal