On October 5, Pina Colada Company buys merchandise on account from Pina Colada Company. The selling price of the goods is $5,700, and the cost to Pina Colada Company is $2,740. On October 8, Pina Colada returns defective goods with a selling price of $650 and a fair value of $275. Record the transactions on the books of Pina Colada 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.) Date Account Titles and Explanation. (To record goods purchased on account) (To record return of defective goods) eTextbook and Media List of Accounts Debit Credit