Kent Co. uses periodic inventory The following transactions are for June of 2020: June 11 Purchased merchandise on account, $60,000 (invoice price), terms 2/10,n/30. 15 Returned part of June 11 purchase, $3.000 (invoice price), and received credit on account. 18 Paid cash on $40,000 (invoice price) of the payable that was from June 11 purchase. 30 Prepared the adjusting entry, if required for financial statements. Required (18 points): a) Prepare journal entries for the above transactions or events assuming the gross price method is used. b) Prepare journal entries for the above transactions or events assuming the net price method is used. Edit Format Table 12pt v Paragraph / B IU A & EV = 1