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On October 5, Marigold Company buys merchandise on account from Bramble Company. The selling price of the goods is $5,800, and the cost to

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On October 5, Marigold Company buys merchandise on account from Bramble Company. The selling price of the goods is $5,800, and the cost to Bramble Company is $3,260. On October 8, Marigold returns defective goods with a selling price of $680 and a fair value of $285. Record the transactions on the books of Marigold 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 O for the amounts. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Oct. 5: Debit Credit (To record goods purchased on account) (To record return of defective goods)

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