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1 of 3 (1 complete) core: 0.2 of 1 pt S4-1 (book/static) The following characteristics are related to periodic inventory andior perpetual inventory system Click the icon to view the characteristica) Match each characteristic with one of the following a. Periodic inventory b. Perpetual inventory c. Both periodic and perpetual entory d. Neither periodic nor perpetual inventory 1. A physical count of goods on hand at year end is required Inventory records are continuously upded Both periodic and protiv 2 Penodintory More info - X 3 1. Aphysical count of goods on hand at year and stored 2 Inventory records are continuously updated Purchases of vertory recorded in an account the time of purchase 4 Barcode Scanners are often used 6 The cost of goods sold mot be at the end of your P Done Click to select your owwer(a) and then click Check And Score: 0 of 1 pt 2 of 3 (1 complete) S4-6 (book/static) Joumalize the following transactions for Jammin' Joe's music store. Assume the "net" method is used. (Record debits first, then credits. Exclude explanations from any journal entries) Click the icon to view the transactions) a. Purchased $4,200 of merchandise on account, terms 3/15, 130, FOB shipping point Journal Entry Date Accounts Debit Credit More Info Purchased $4,200 of merchandise on account, terms 3/15, 1/30, FOB shipping point b. Paid S 140 to the freight company for the delivery of the merchandise purchased Paid for the inventory purchased in part within the discount period C