ilable for the Johnson Corporation for 2016: Beginning inventory Merchandise purchases (on $ 41,000 account) 171,000 Freight charges on purchases (paid 26000 Merchandise returned to supplier 28000 ce in cash) (for credit) Ending inventory Sales (on account) Cost of merchandise sold 46,000 266.000 164.000 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-periocd adjusting entries indicated. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Perpetual System Journal entry worksheet 2 4 6 Record merchandise purchased on account for $171,000. Note: Enter debits before credits, Transaction General Journal Debit Gredit View general journa Record entry Journal entry worksheet 2 6 Record the payment of $26,000 in cash for freight charges. ces Note: Enter debits before credits. Transaction General Journal Debit Credit Recornt entry Clear enty ier general journa Pr 5 of 8 Journal entry worksheet 2 Record merchandise returned to supplier for credit of $28,000. es Note: Enter debits before credits Transaction General Journal Debit Credit Record onty Chear entry View general journal Prev 5of8ll: Next > Journal entry worksheet 2 3 4 Record sales on account of s266,000 ces Note: Enter debits before credits. Transaction General Journal Debit Credit Clear entry View general journal Record entry Journal entry worksheet 3 4 6 Record cost of merchandise sold of $164,000. es Note: Enter debits before credits. ransaction General Journal Debit ECredit View general journal Ciear enty Record entry Journal entry worksheet 3 6 Record the end-of-period adjusting entry. Ending inventory is s46,000. Note: Enter debits before credits. Transaction General Journal ebit Credit Viear general journal Record entry Clear entry Next> KPrev5 of 8