Current Attempt in Progress

On October $5,$ Skysong Company buys merchandise on account from Sheridan Company. The selling price of the goods is $$5,680,$ and

the cost to Sheridan Company is $$3,500.$ On October $8,$ Skysong returns defective goods with a selling price of $$690$ and a scrap value

of $$250.$

Record the transactions of Skysong Company, assuming a perpetual approach. $($If no entry is required, select $"$No Entry" for the account

titles and enter $0$ for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record

journal entries in the order presented in the problem. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit