Question 3 095/1.5 On October 5, Martinez Corporation buys merchandise for resale on account from Marigold Corporation. The selling price of the goods is $5.200, and the cost to Marigold Company is $2,940 On October 8, Martinez returns defective goods with a selling price of $670 and a cest of $240.It is anticipated that these goods can be resold at a discount at some point in the future for at least their cost of $240, if net more. Both companies use a periodic Invenitory system, -Your answer is partially correct Record the transactions on the books of Marigold 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 O for the amounts Date Account Titles and Explanation Oct. 5 Purchases Debit Credit 2,940 Accounts Payable 2,940 8 Accounts Payable 240 Inventory 240 eTexthook and Media