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Business, 31.10.2019 00:31 pito63

Shankar company uses a perpetual system to record inventory transactions. the company purchases inventory on account on february 2 for $27,000. in addition to the cost of inventory, the company also pays $470 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.)

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