on October 5, Swifty corporation buys merchandise on account from blue spruce company. The selling price of the goods is $5840 in the cost blue spruce company is $3450 on October 8, swiftly returns defective good with the selling price of $660 and the fair value of $130.

On Ostober 5, Swifty Corporation buys merchandise on account from Blue Spruce Company. The selling price of the goods is $5,840, and the cost to Blue Spruce Company is $3,450. On October B, Swifty returns defective goods with a selling price of $660 and a fair value of $130, Record the transactions on the books of Swifty Corporation. (Credit occount titles are outomatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the occount tilles and enter 0 for the amounts. Recond journal entries in the order presented in the problem.)