On October $5,$ Swifty Corporation buys merchandise for resale on account from Blue Spruce Corporation. The selling price of the goods is $$5,100,$ and the cost to Blue Spruce Company is $$3,270.$ Blue Spruce Company expects a return rate of $15\%.$ On October $8,$ Swifty returns defective goods with a selling price of $$690$ and a cost of $$240.$ Blue Spruce anticipates that these goods can be resold at a discount at some point in the future for at least their cost of $$240,$ if not more. Both companies use a periodic inventoryRecord the transactions on the books of Swifty Corporation.Record the transactions on the books of Blue Spruce Corporation. $($Credit account titles are automatically indented when the

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. List all debit entries before credit entries. Record journal entries in the order presented in the problem.$)$

Date

Account Titles and Explanation

Debit

Credit

Accounts Receivable