nneth's Music is a store that buys and sells musical instruments and uses a perpetual inventory system. Transactions for the business are lov. 2 Purchased two electric guitars from Fender Supply Limited, on account, at a cost of $850 each, terms 1/10,n/60. 4 Made a cash sale of two keyboards for a total invoice price of $2,300. The cost of each keyboard was $900. 5 Received a credit from Western Acoustic Inc. for the return of an acoustic guitar, which was defective. The original invoice pri purchased on account. 7 One of the keyboards from the cash sale of Nov. 4 was returned to the store for a full cash refund because the customer was 8 Purchased store supplies for cash from a stationery store. The price of the supplies is $225. 10 Sold one Omega trumpet to the Toronto Regional Band, on account, for an invoice price of $2,900. Terms are 1/10,n/60. The $1.420. 10 Made a payment on account for the amount owing to Fender Supply limited for the purchase of Nov. 2. 13 Purchased two saxophones from Yamaha Canada inci on account. The invoice price was $2,600 for each saxophone. Terms a 16 Returned to Yamaha Canada inc. one of the saxoohones purchased on Nov. 13 . as it was the wrong model. Received a credit Purchases 1700 Accounts Payable sales (To record cash sale.) Accounts Payable Purchase Returns and Allowances (To record cost of goods sold.) Sales Returns Kenneth's Music is a store that buys and sells musical instruments and uses a perpetual inventory system. Transactions for the business are shown below: Nov.2 Purchased two ebectric guitars ftom Fender Supply Limited on account, at a cost of $850 each, terms 1/10, n/60. 4. Made a cash sale of two keyboards for a total invoice price of $2.300. The cost of each keyboard was $900. 5. Received a credit from Western Acoustic Inc for the return of an acoustic guitar, which was defective. The original irweice price was 5425 ard the guitar had been purchased on account 7 One of the keyboards from the cash sale of Nov, 4 was returned to the store for a full cash refund because the customer was not satisfied with the instrument. B Purchased store supplies for cash from a stationery store. The price of the supplies is $225. 10 Sold one Omega trumpet to the Toronto Regional Band, on account, for an invoice price of $2,900. Terms are 1/10, rv60. The trumpet hast cost Keaneth's Misic $1,420. 10 Made a payment on account for the amount owing to Fender Supply Limited for the purchase of Now.2. 13 Purchased two savophones from Yamaha Canada inci on account, The invoice price was $2,600 tor each saxpohone, Terms are 1/10, n/30, 16 Returned to Yamaha Canada inc one of the savophones purchased on Nov 13, as it was the wrong modet Received a credit from Yamaha for the full purchas frice Prepare the joumal entries to record Kenneth's Music transactions assuming the company uses the earnings approach to recognize reveriue. iCntuit accoun indented when the amount is entered. Do not indent manually if no entry brequired, select "No Entry" for the account tilis and enter Ofor the ancourks Recordjour presented in the probiem. List all debit entries before credit entries)