William's Music is a store that buys and sells musical instruments in Ontario, where the HST rate is 13%. William's Music uses a perpetual iimentory spitem and the earnings approach to revenue recognition. Transactions for the business are shown below: Nov. 2 Purchased 4 clectric guitars from Fender Supply Limited, on account, at a cost of $700 each. 4. Made a cash sale of 2 loyboards for a total invoice price of $2,600 plus applicable taxes. The cost of each keyboard was $800. 5 Received a credit memorandum from Western Acoustic inc, for the return of an acoustic guitar that was defective. The original inveice price before taxes was $700 and the guitar had been purchased on account. William's Mosic intents to return the defective buitar to the origigal supplier 7. One of the keyboards from the cash sale of November 4 was returned to the store for a full cash refund because the customer was not satished with instrument. The keyboard. which cost 5800 , wss retumed to irventory. 8 Purchased supplies from astationery store. The price of the supplies is s400 before all applicable taves. 52.550 14 Collected 54,550 on sccount. The payment inchuded all applicable taxes, Yamaha for the full porctise price. 20. Made a payment on account for the amountowing to Fender Supply Limited for the purchwse al vowember 2. 20 Made 3 payment on account for the amount owing to Fender Supply Limited for the purchase of November ? Prepare the journal entries to record the William's Music transactions: (Credit account titles are automatically Indented when the amuunt Is entered. Do not indent avalual If Ricoord joumal entries in the order presented in the problem. List all debit entries before aredit entries)