On October $5,$ Larkspur Company buys merchandise on account from Crane Company. The selling price of the goods is $$6,290,$ and the cost to Crane Company is $$3,650.$ On October $8,$ Larkspur returns defective goods with a selling price of $$970$ and a scrap value of $$360.$

Record the transactions of Larkspur Company, assuming a perpetual approach. $($If no entry is required, select $"$No Entry" for the account titles and enter $0$ 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. List all debit entries before credit entries.$)$

Date

Account Titles and Explanation

Debit

Credit