Question: 1. Please prepare journal entries using the perpetual system. 2. Please prepare journal entries using the periodic system. The following information is available for a

 1. Please prepare journal entries using the perpetual system. 2. Please

1. Please prepare journal entries using the perpetual system.

2. Please prepare journal entries using the periodic system.

The following information is available 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. 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

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