Please answer b

On October 5. Grouper Corporation buys merchandise for resalcon account from Monty Corporation. The selling price of the goods is $5,080, and the cost to Monty Company is $3,270. On October 8, Grouper returns defective goods with a selling price of $670 and a cost of $260. It is anticipated that these goods can be resold at a discount at some point in the future for at least their cost of $260, if not more. Both companies use a periodic inventory system. (al Your answer is correct Record the transactions on the back of Grouper Corporation. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "Me Entry for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Oct. 5 Puch Soun Accuenta Payaku 5080 8 Accounts Payable 679 Purchase turn and lowice 670 Textbook and Media List of Accounts Attempts: 1 of 2 used (b) Record the transactions on the books of Monty 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.! Debit Credit Date Account Titles and Explanation Oct. 5