On October $5,$ Cullumber Company buys merchandise on account from Ayayai Company. The selling price of the goods is $$5,000,$ and

the cost to Ayayai Company is $$2,500.$ On October $8,$ Cullumber returns defective goods with a selling price of $$650$ and a fair value of

$$235.$

Record the transactions on the books of Cullumber 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. Record journal entries in the

order presented in the problem.$)$

$($To record goods purchased on account$)$

$($To record return of defective goods$)$