On June 10, Marigold Corp. purchased $ 7,400 of merchandise on account from Sheffield Company, FOB shipping point, terms 1/10, n/30. Marigold pays the freight costs of $ 410 on June 11. Damaged goods totaling $ 400 are returned to Sheffield for credit on June 12. The fair value of these goods is $75. On June 19, Marigold pays Sheffield Company in full, less the purchase discount. Both companies use a perpetual inventory system, Prepare separate entries for each transaction on the books of Marigold Corp. (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts. Record journal entries in the order presented in the problem.) Debit Credit Date Account Titles and Explanation . Prepare separate entries for each transaction for Sheffield Company. The merchandise purchased by Marigold on June 10 had cost Sheffield $4,700. (Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of merchandise sold) . (To record merchandise returned) (To record merchandise returned) (To record cost of merchandise returned)