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Exercise 8-4 (Static) Perpetual and periodic inventory systems compared [LO8-1] The following information is avallable for the Johnson Corporation: Required: Applying both a perpetual and

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Exercise 8-4 (Static) Perpetual and periodic inventory systems compared [LO8-1] The following information is avallable for the Johnson Corporation: 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

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