On October 5. Wildhorse Company buys merchandise on...
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Accounting
On October 5. Wildhorse Company buys merchandise on account from Windsor Company. The selling price of the goods is $6,800, and the cost to Windsor Company is $3,730. On October 8 , Wildhorse returns defective goods with a selling price of $890 and a scrap value of $380. Record the transactions on the books of Windsor Company, assuming a perpetual approach. (If no entry is required, select "No Entry " for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) (To record cost of goods sold) (To record credit granted for receipt of returned goods)
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