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PERIODIC SYSTEM

PWL III_Con=congtexternal_browser=0&launchUrl=https%253A%252F%252Flms.mh (1) WhatsApp D Twitch YF Quizzes movies R Watch shows online. YouTube nt of the O Mensajes This window shows your responses and what was marked correct and incorrect from y 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 $ 25,000 155,000 10,000 12,890 30,000 250,000 148,000 Required: Applying both a perpetual and a periodic inventory system, prepare the journal entries that summarize the transactions these balances. Include all end-of-period adjusting entries indicated. Complete this question by entering your answers in the tabs below. Perpetual Periodic System syster 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 No Transaction General Journal Debit Credit Purchase returns 155 000 U W WhatsApp Twitch YFO movies R Watch shows online YouTube 10,000 3 3 Accounts payable Purchase returns 12,000 ol 12,000 4 4 Accounts receivable Sales returns 250.000 250.000 5 5 3 6 6 > 3 > o Type here to search Connect - Google- Political Risk Map 2 Solved

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