1 1.5 points Skipped eBook Print References) The following information is available for a company. Beginning inventory Inventory purchases (on account) Freight charges on purchases (paid in cash) Inventory returned to suppliers (for credit) Ending inventory Sales (on account) Cost of inventory sold Required: $ 44,000 174,000 29,000 31,000 49,000 269,000 167,000 Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. Complete this question by entering your answers in the tabs below. Perpetual System Periodic System Applying a perpetual inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet < 1 2 4 5 1.5 points Skipped eBook View transaction list Journal entry worksheet 1 2 3 4 5 6 Record merchandise purchased on account for $174,000. Print Note: Enter debits before credits. References Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal 1.5 points Skipped eBook Journal entry worksheet 1 3 4 5 6 Record the payment of $29,000 in cash for freight charges. Print Note: Enter debits before credits. Transaction 2 References General Journal Debit Credit Record entry Clear entry View general journal Perpetual System Periodic System > 1.5 points Skipped eBook Journal entry worksheet 1 2 4 5 6 Record merchandise returned to supplier for credit of $31,000. Print Note: Enter debits before credits. Transaction 3 References General Journal Debit Credit Record entry Clear entry View general journal Periodic System > 1.5 points View transaction list Journal entry worksheet Skipped < 1 2 3 eBook Record sales on account of $269,000. Note: Enter debits before credits. Print Transaction 4 References 5 6 General Journal Debit Credit Record entry Clear entry View general journal View transaction list 1.5 points Skipped Journal entry worksheet 1 2 3 4 Record cost of merchandise sold of $167,000. 6 eBook Note: Enter debits before credits. Print Transaction 5 References General Journal Debit Credit Clear entry View general journal Record entry 1.5 points Journal entry worksheet Skipped < 1 2 3 4 5 eBook Print References Record the end-of-period adjusting entry. Ending inventory is $49,000. Note: Enter debits before credits. Transaction 6 General Journal Debit Credit Record entry Clear entry View general journal