ssignement Question On October 5, Metlock Company buys merchandse on account from Grouper Company. The selling price of the goods in $4,700, and the cost to Grouper is $2,770. On October 8, Metlock Company retums defective goods with a selling price of $740 and a fair value of $130. Record the transactions on the books of Greuper (Credit account titles are automatically indented when amsount is entered. Do not indent manualy. Il no entry is required, select "No Eatry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit (To recoed credt salrs) (To record cest of goods sold on account) (To record credt granted for recept of retuaned goods) (To record far vakue of gosds returned) Rights Reserved. A Drnon of XhnyOnAsens.h Version 4.2z e to search