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Business, 28.02.2020 21:40 hdjsjfjruejchhehd

On October 5, Larkspur Company buys merchandise on account from Crane Company. The selling price of the goods is $5,540, and the cost to Crane Company is $3,390. On October 8, Larkspur returns defective goods with a selling price of $670 and a scrap value of $360. Record the transactions of Larkspur 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.)

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