Refer to the situation described in BE 8–6. Record (1) the purchase of inventory on account (2) freight charges, assuming the company uses a periodic inventory system.

Data from in BE 8-6

A company purchased inventory on account for $100,000. Freight charges to have the inventory shipped to the  company’s location were $5,000 (paid in cash). Record 

(1) the purchase of inventory on account 

(2) freight  charges, assuming the company uses a perpetual inventory system.