Question $16$ of $17$

$\frac{-}{10}$

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 $$2,500.$ The cost of each keyboard was $$950.$

$5$ Received a credit from Western Acoustic Inc. for the return of an acoustic guitar, which was defective. The original invoice price was $$475$ and 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.

$8$ 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 $$2,900.$ Terms are $\frac{1}{10},\frac{n}{60}.$ The trumpet had cost Edward's Music $$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 saxbphones from Yamaha Canada Inc. on account. The invoice price was $$2,200$ for each saxophone. Terms are $\frac{1}{10},\frac{n}{30}.$

$16$ Returned to Yamaha Canada Inc. one of the saxophones purchased on Nov. $13,$ as it was the wrong model. Received a credit from Yamaha for the full purchase price.

$20.$ Received a cheque for the appropriate amount from the Toronto Regional Band for the purchase of Nov. $10.$

$22$ Paid balance owing to Yamaha Canada Inc.

Prepare the journal entries to record Edward's Music transactions assuming the company uses the earnings approach to recognize revenue. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select