Shankar Company uses a periodic 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.

Note: If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the

first account field.

Answer is complete but not entirely correct.