Shankar Company uses a perpetual system to record Inventory transactions. The company purchases Inventory on account on February 2 for $25,000 In addition to the cost of inventory, the company also pays $450 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 Bat View journal entry worksheet Credit General Journal No 1 Date February 02 Debit 25,000 Inventory Accounts Payable 25,000 450 2 February 02 Service Fee Expense Cash 450