Johnnycake Restaurant Uses a Periodic Inventory System and the Gross

Johnnycake Restaurant uses a periodic inventory system and the gross method of accounting for purchases.Prepare general journal entries to record the following transactions for Johnnycake:
$$\begin{array} { | l | l | } \hline & \text { Johnny cake purchased merchandise on credit from Foster Foods for } \\\text { Aug. 10 } & \begin{array} { l } \$ 9,000 , \text { terms } 2 / 10 , n / 30 , F O B\text { destination Transportation costs of } \$ 350 \\\text { were paid by Foster. }\end{array} \\\hline 12 & \text { Johnny cake returned } \$ 600 \text { of merchandise from the August } 10 \text { purchase. } \\\hline 19 & \text {Johnny cake paid Foster for the August } 10 \text { purchase. } \\\hline\end{array}$$

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