Question 1 of 14 -/22 Mark'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 4 a a 5 7 8 Purchased two electric guitars from Fender Supply Limited, on account, at a cost of $ 800 each terms 1/10, 1/60. Made a cash sale of two keyboards for a total invoice price of $ 2,600. The cost of each keyboard was $ 950. Received a credit from Western Acoustic Inc for the return of an acoustic guitar, which was defective. The original invoice price was $ 425 and the guitar had been purchased on account. 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 Purchased store supplies for cash from a stationery store. The price of the supplies is $ 225. Sold one Omega trumpet to the Toronto Regional Band on account for an invoice price of $ 3.200. Terms are 1/10, 1/60 The trumpet had cost Mark's Music $1,420, Made a payment on account for the amount owing to Fender Supply Limited for the purchase of Nov. 2. Purchased two saxophones from Yamaha Canada Inc. on account. The invoice price was $2,300 for each saxophone. Terms are 1/10,n/30. 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. 10 10 13 16 no Pereived a cheque for the appropriate amount from the Toronto Regional Band for the purchase of Nov. 10 orthy Mark's 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 4 5 7 Purchased two electric guitars from Fender Supply Limited, on account, at a cost of $ 950 each, terms 1/10,n/60. Made a cash sale of two keyboards for a total invoice price of $ 2.700. The cost of each keyboard was $ 700. Received a credit from Western Acoustic Inc. for the return of an acoustic guitar which was defective. The original invoice price was $ 525 and the guitar had been purchased on account. 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. Purchased store supplies from a stationery store. The price of the supplies is $ 175, Sold one Omega trumpet to the Toronto Regional Band on account for an invoice price of $ 2,700, Terms are 1/10, 1/60. The trumpet had cost Mark's Music $1.420. Made a payment on account for the amount owing to Fender Supply Limited for the purchase of Nov. 2. Purchased two saxophones from Yamaha Canada Inc on account. The invoice price was $ 2.300 for each saxophone. Terms are 1/10,n/30. 8 10 12 13 Peralada Question 1 of 14 -/22 Mark'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 4 a a 5 7 8 Purchased two electric guitars from Fender Supply Limited, on account, at a cost of $ 800 each terms 1/10, 1/60. Made a cash sale of two keyboards for a total invoice price of $ 2,600. The cost of each keyboard was $ 950. Received a credit from Western Acoustic Inc for the return of an acoustic guitar, which was defective. The original invoice price was $ 425 and the guitar had been purchased on account. 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 Purchased store supplies for cash from a stationery store. The price of the supplies is $ 225. Sold one Omega trumpet to the Toronto Regional Band on account for an invoice price of $ 3.200. Terms are 1/10, 1/60 The trumpet had cost Mark's Music $1,420, Made a payment on account for the amount owing to Fender Supply Limited for the purchase of Nov. 2. Purchased two saxophones from Yamaha Canada Inc. on account. The invoice price was $2,300 for each saxophone. Terms are 1/10,n/30. 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. 10 10 13 16 no Pereived a cheque for the appropriate amount from the Toronto Regional Band for the purchase of Nov. 10 orthy Mark's 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 4 5 7 Purchased two electric guitars from Fender Supply Limited, on account, at a cost of $ 950 each, terms 1/10,n/60. Made a cash sale of two keyboards for a total invoice price of $ 2.700. The cost of each keyboard was $ 700. Received a credit from Western Acoustic Inc. for the return of an acoustic guitar which was defective. The original invoice price was $ 525 and the guitar had been purchased on account. 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. Purchased store supplies from a stationery store. The price of the supplies is $ 175, Sold one Omega trumpet to the Toronto Regional Band on account for an invoice price of $ 2,700, Terms are 1/10, 1/60. The trumpet had cost Mark's Music $1.420. Made a payment on account for the amount owing to Fender Supply Limited for the purchase of Nov. 2. Purchased two saxophones from Yamaha Canada Inc on account. The invoice price was $ 2.300 for each saxophone. Terms are 1/10,n/30. 8 10 12 13 Peralada