On October 5, Skysong Company buys merchandise on account from Concord Company. The selling price of the goods is $5,500, and the cost to Concord Company is $2,940. On October 8, Skysong returns defective goods with a selling price of $720 and a fair value of $275. Record the transactions on the books of Concord 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.) Date Account Titles and Explanation (To record credit sales) (To record cost of goods sold). Debit Credit