On October 5, Skysong Company buys merchandise on account from Sheridan Company. The selling price of the goods is $5,680, and the cost to Sheridan Company is $3,500. On October 8, Skysong returns defective goods with a selling price of $690 and a scrap value of $250. Record the transactions of Skysong 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.) Date Oct. 5 Oct. 8 Account Titles and Explanation Debit 750 Credit 60

On October 5, Skysong Company buys merchandise on account from Sheridan Company. The selling price of the goods is $5,680, and the cost to Sheridan Company is $3,500, On Oetober 8 , Shysong returns defective goods with a sellirts price of $690 and a scrap value of $250. Record the transactions of Skysong Company, assuming a perpetual approach. (If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Credit account titles are automatically indented when omount is entered. Do not Indent manually. Record journaf entries in the order presented in the problem.)