On October 5, Wang Company buys merchandise on account from Davis Company. The selling price of the goods is $4,800. On October 8, Wang returns defective goods with a selling price of $650. Both companies use the perpetual inventory system. Record the transactions on the books of Wang Company. (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 Account Titles and Explanation Debit Credit