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On October 5. Larkspur Company buys merchandise on account from Flounder Company. The selling price of the goods is $4,510, and the cost to Flounder

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On October 5. Larkspur Company buys merchandise on account from Flounder Company. The selling price of the goods is $4,510, and the cost to Flounder Company is $2,910. On October 8, Larkspur returns defective goods with a selling price of $650 and a fair value of $105. Record the transactions on the books of Flounder 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 for the amounts.) Date Account Titles and Explanation Debit Credit (To record credit sales)

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