On October 5, Carla Vista Co. buys merchandise on account from Wildhorse Co.. The selling price of the goods is $5,230, and the cost to Wildhorse Co. is $4,070. On October 8, Carla Vista Co. returns defective goods with a selling price of $960 and a scrap value of $320. Record the transactions on the books of Wildhorse Co., assuming a perpetual approach. (If no entry is required, select "No Entry" for the account titles and enter o 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.) Date Account Titles and Explanation Debit Credit Inventory Accounts Payable Accounts Payable (To record cost of goods sold on account) (To record credit granted for receipt of returned goods) (To record scrap value of goods returned)