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On October 5 , Skysong Company buys merchandise on account from Concord Company. The selling price of the goods is $ 5 , 2 4

On October 5, Skysong Company buys merchandise on account from Concord Company. The selling price of the goods is $5,240, and the cost to Concord Company is $2,550. On October 8, Skysong returns defective goods with a selling price of $680 and a fair value of $275.
Record the transactions on the books of Skysong 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 return of defective goods)
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