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Marks Music is a store that buys and sells musical instruments and uses a periodic inventory system. Transactions for the business are shown below: Nov.
Marks Music is a store that buys and sells musical instruments and uses a periodic inventory system. Transactions for the business are shown below: Nov. 2 Purchased two electric guitars from Fender Supply Limited, on account, at a cost of $700 each, terms 1/10, n/60. 4 Made a cash sale of two keyboards for a total invoice price of $2,500. The cost of each keyboard was $750.
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