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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

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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 Iournal entry required" in the first account field. Journal entry worksheet 2 6 Record merchandise purchased on account for $165,000. Note: Enter debits before credits. Journal entry worksheet 6 Record the payment of $20,000 in cash for freight charges. Note: Enter debits before credits. Journal entry worksheet Record merchandise returned to supplier for credit of $22,000. Note: Enter debits before credits. Journal entry worksheet

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