The following information is available for the Johnson Corporation for 2018:

Beginning inventory	$	32,000
Merchandise purchases (on account)		162,000
Freight charges on purchases (paid in cash)		17,000
Merchandise returned to supplier (for credit)		19,000
Ending inventory		37,000
Sales (on account)		257,000
Cost of merchandise sold		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.