On October 5, Whispering Winds Corporation buys merchandise for resale on account from Ayayai Corporation. The selling price of the goods is $4,700, and the cost to Ayayal Company is $3,040. Ayayal Company expects a return rate of 15%. On October 8, Whispering Winds returns defective goods with a selling price of $750 and a cost of $240. Ayayai 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 inventory system. Record the transactions on the hooks of Ayayai 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 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 Credit Debit Oct. 5 Accounts Receivable $3040 Sales O BV