equired: pplying both a perpetual and a periodic inventory system, prepare the journal ntries that summarize the transactions that created these balances. Include all nd-of-period adjusting entries indicated. Complete this question by entering your answers in the tabs below. Applying a perpetual inventory system, prepare the journal entries that summarize the all end-of-period adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" Journal entry worksheet 6 Record merchandise purchased on account for $165,000