On October 5 , Cheyenne Company buys merchandise on account from Sheffield Company. The selling price of the goods is $4,860, and the cost to Sheffield Company is $3,470. On October 8 . Cheyenne returns defective goods with a selling price of $680 and a fair value of $275. Record the transactions on the books of Sheffield Company. (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 0 for the amounts.)