The following information is available for the Johnson Corporation: Beginning inventory Inventory purchases (on account) Freight charges on purchases (paid in cash) Inventory returned to suppliers (for credit) Ending inventory Sales (on account) Cost of inventory sold $ 32,000 162,000 17,000 19,000 37,000 257,000 155,000 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-period adjusting entries indicated. Complete this question by entering your answers in the tabs below. Perpetual System Periodic System 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. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6 Record merchandise purchased on account for $162,000. Note: Enter debits before credits. > Journal entry worksheet < 1 2 3 4 5 6 Record the payment of $17,000 in cash for freight charges. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 4 5 6 Record merchandise returned to supplier for credit of $19,000. Note: Enter debits before credits. Transaction 3 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet 1 2 3 5 Record sales on account of $257,000. Note: Enter debits before credits. Transaction 4 9 General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 > Record cost of merchandise sold of $155,000. Note: Enter debits before credits. Transaction 5 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6. Record the end-of-period adjusting entry. Ending inventory is $37,000. Note: Enter debits before credits. Transaction 6 General Journal Debit Credit Record entry Clear entry View general journal