question 2

WP Updates Discussions Conferences View Policies Current Attempt in Progress Mark's Music is a store that buys and sells musical insruments and uses a perpetual intory system. Transactions for the business are shown below Collaborations Account WileyPLUS Support Dashboard Courses No 2 Purchased two electric guitars from Fender Supely Limited on BCINt, at a cost of 500cchers 1/10.160 4 Made a cash sale of two karyboards for total invoice price of $2.400 The cost of each keyboard was $900 Received a credit from Westem 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 accou. 7 One of the xyboards from the cash sale of Non 4 was returned to the store for a full cash refund because the customer was not satished with the instrument 8Purchased store supplies from a stationery store. The price of the supplies is $175 10 Sold one Omega trumpet to the Toronto Regional Band on cout, for an invoice price of $3200 Terme 1/10, 1/60. The trumpet had cost Mark Music $1420 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 Inc. on account. The invoke price was $2,300 for each swophone Terms are 1/10.30 16 Returned to Yamaha Canada Inc one of the stones purchased on 13. 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 Tororo Regional and for the purchase of Nox 10 22 Paid balance owing to Yamaha Canada Inc Calendar Inbox Get HELP SOS Prepare the journal entries to record Mark Music transactions assuming the company uses the earnings approach to recognize revenue (Credit account tites are automatically indented when the amount is entered Donatinder manually. In entry is required, select "No Entry for the sunt sites and enter of the amounts. Hecord journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit Cash sale v To record cost of boods & ENG 7:49 PM 2020-06-21 K- Address w o > WP Updates Discussions Conferences View Policies Current Attempt in Progress Mark's Music is a store that buys and sells musical insruments and uses a perpetual intory system. Transactions for the business are shown below Collaborations Account WileyPLUS Support Dashboard Courses No 2 Purchased two electric guitars from Fender Supely Limited on BCINt, at a cost of 500cchers 1/10.160 4 Made a cash sale of two karyboards for total invoice price of $2.400 The cost of each keyboard was $900 Received a credit from Westem 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 accou. 7 One of the xyboards from the cash sale of Non 4 was returned to the store for a full cash refund because the customer was not satished with the instrument 8Purchased store supplies from a stationery store. The price of the supplies is $175 10 Sold one Omega trumpet to the Toronto Regional Band on cout, for an invoice price of $3200 Terme 1/10, 1/60. The trumpet had cost Mark Music $1420 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 Inc. on account. The invoke price was $2,300 for each swophone Terms are 1/10.30 16 Returned to Yamaha Canada Inc one of the stones purchased on 13. 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 Tororo Regional and for the purchase of Nox 10 22 Paid balance owing to Yamaha Canada Inc Calendar Inbox Get HELP SOS Prepare the journal entries to record Mark Music transactions assuming the company uses the earnings approach to recognize revenue (Credit account tites are automatically indented when the amount is entered Donatinder manually. In entry is required, select "No Entry for the sunt sites and enter of the amounts. Hecord journal entries in the order presented in the problem Date Account Titles and Explanation Debit Credit Cash sale v To record cost of boods & ENG 7:49 PM 2020-06-21 K- Address w o >