Check my work 6 The following information is available for the Johnson Corporation for 2018: Beginning inventory Merchandise purchases (on account) Freight charges on purchases (paid in cash) Merchandise returned to supplier (for credit) Ending inventory Sales (on account) Cost of merchandise sold 37,0ee 167,000 22,000 24,000 42,800 262,000 160,80e 10 points eBook Print References Required 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 Periodic System Perpetual 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. (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 4 6 Record merchandise purchased on account for $167,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Perpetual Periodic System 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. (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 2 3 4 6 Record the payment of $22,000 in cash for ight charges. Note: Enter debits before credits. Transaction General Journal Debit Credit Periodic System Perpetual 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. (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 4 6 Record merchandise returned to supplier for credit of $24,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Perpetual Periodic System 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) View transaction list Journal entry worksheet 2 4 Record sales on account of $262,000. Note: Enter debits before credits Transaction General Journal Debit Credit 4 Periodic System Perpetual System Applying a perpetual inventory system, prepare the journal entrles that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) View transaction list Journal entry worksheet 2 4 6 Record cost of merchandise sold of $160,000. Note: Enter debits before credits. Transaction General Journal Debit Credit Perpetual Periodic System 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. (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 2 4 Record the end-of-period adjusting entry. Ending inventory is $42,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Complete this question by entering your answers in the tabs below. PerpetualPeriodic System System Applying a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. (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 2 4 Record merchandise purchased on account for $167,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Perpetual Periodic System System Applying a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. (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 4 Record the payment of $22,000 In cash for freight charges. Note: Enter debits before credits Transaction General Journal Debit Credit 2 Periodic System Perpetual System Applying a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. (If no entry is required for a transaction/event, select "No journal entry required" in the first account fleld.) View transaction list Journal entry worksheet 2 4 Record merchandise returned to supplier for credit of $24,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Perpetual Periodic System System Applying a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-perlod adjusting entrles Indicated. (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 2 3 4 6 Record sales on account of $262,000. Note: Enter debits before credits Transaction General Journal Debit Credit 4 Periodic System Perpetual System Applying a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. (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 2 4 Record cost of merchandise sold of $160,000 Note: Enter debits before credits. Transaction General Journal Debit Credit Periodic System Perpetual System Applying a periodic inventory system, prepare the journal entries that summarize the transactions that created these balances. Include all end-of-period adjusting entries indicated. (If no entry is required for a transaction/event, select"No journal enry required'in the first account field.) View transaction list Journal entry worksheet Record the end-of-period adjusting entry. Ending Inventory is $42,000 Note: Enter debits before credits. Transaction General Journal Debit Credit 6