The following information is available for the Johnson Corporation for 2018: Beginning inventory Merchandise purchases (on account) Freight charges on purchases (paid in cash Merchandise returned to supplier (for credit) Ending inventory Sales (on account) Cost of merchandise sold 44,000 174,000 29,000 31,000 49,000 269,000 167,000 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 periodic 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.)