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Kool Beans Gourmet Coffee uses a periodic inventory system. Prepare general journal entries to record the following transactions for Kool Beans: Kool Beans purchased merchandise

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Kool Beans Gourmet Coffee uses a periodic inventory system. Prepare general journal entries to record the following transactions for Kool Beans: Kool Beans purchased merchandise on credit from Trice Foods for June $9,000, terms 2/10, n/30, FOB destination. Transportation costs of 10 $350 were paid by Trice. 12 Kool Beans returned $600 of merchandise from the June 10 purchase. 19 Kool Beans paid Trice Foods for the June 10 purchase

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