Specialty Store uses a perpetual inventory system. The following are some inventory transactions for the month of May: 1. Specialty Store purchased inventory on account for $6,400. Freight charges of $1,000 were paid in cash. 2. Specialty Store returned some of the inventory purchased in transaction (1). The cost of the inventory was $1,300 and Specialty Store's account was credited by the supplier. 3. Inventory costing $3,500 was sold for $6,600 in cash Required: Prepare the necessary journal entries to record these transactions. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 2345 Record the merchandise purchased on account for $6,400. Nolei Euter debter before crestr