The following information is available for a company: 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. 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. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the payment of $15,000 in cash for freight charges. Note: Enter debits before credits. Journal entry worksheet Record merchandise returned to supplier for credit of $17,000. Note: Enter debits before credits. Journal entry worksheet 1 Record sales on account of $255,000. Note: Enter debits before credits. Journal entry worksheet 1 Record cost of merchandise sold of $153,000. Note: Enter debits before credits. Journal entry worksheet Record the end-of-period adjusting entry. Ending inventory is $35,000. Note: Enter debits before credits. Applying a periodic 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 Record merchandise purchased on account for $160,000. Note: Enter debits before credits. Applying a periodic inventory system, prepare the journal entries that summarize the tra 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 Record the payment of $15,000 in cash for freight charges. Note: Enter debits before credits. Applying a periodic inventory system, prepare the journal entries that summarize the transacti all end-of-period adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" in the Journal entry worksheet 6 Record merchandise returned to supplier for credit of $17,000. Note: Enter debits before credits. Applying a periodic inventory system, prepare the journal entries that summarize the transactions th all end-of-period adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first ac Journal entry worksheet Record sales on account of $255,000. Note: Enter debits before credits. Applying a periodic inventory system, prepare the journal entries that summarize the transactions that all end-of-period adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first accol Journal entry worksheet 1 Note: Enter debits before credits. Applying a periodic inventory system, prepare the journal entries that summarize the transactions that all end-of-period adjusting entries indicated. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first acco Journal entry worksheet
