Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February $2$ for $$28,000.$

In addition to the cost of inventory, the company also pays $$480$ for freight charges associated with the purchase on the same day.

Record $($a$)$ the purchase of inventory on account and $($b$)$ payment of freight charges. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$

Journal entry worksheet

$1$

$2$

Record the purchase of inventory on account.

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$February $02,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$