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The following information is avallable for a company: Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the
The following information is avallable 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. Appl) nventory 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. 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 2456 Record merchandise purchased on account for $163,000. Note: Enter debits before credits. Journal entry worksheet 56 Record the payment of $18,000 in cash for freight charges. Note: Enter debits before credits. Journal entry worksheet Record merchandise returned to supplier for credit of $20,000. Note: Enter debits before credits. Journal entry worksheet
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