Current Attempt in Progress Record the following transactions on the books of Golden Ltd., which uses a perpetual inventory system. Golden's expected rate of return on sales is 4%. (b) On May 3, merchandise with a selling price of $960 was returned by Valez. The goods had a cost of $660 and they were restored to inventory. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation May 3 (To record sales returns) May 3 (To record cost of goods returned) (c) On May 26, Valez paid its account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation May 26 Current Attempt in Progress Record the following transactions on the books of Golden Ltd., which uses a perpetual inventory system. Golden's expected rate of return on sales is 4%. (b) On May 3, merchandise with a selling price of $960 was returned by Valez. The goods had a cost of $660 and they were restored to inventory. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Debit Credit Date Account Titles and Explanation May 3 (To record sales returns) May 3 (To record cost of goods returned) (c) On May 26, Valez paid its account. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Debit Credit Date Account Titles and Explanation May 26