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Prepare separate entries for each transaction for Marigold Company. The merchandise purchased by Martinez on...

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Accounting

Prepare separate entries for each transaction for Marigold Company. The merchandise purchased by Martinez on June 10 cost Marigold $4,600, and the goods returned cost Marigold $255.(Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.)
Account Titles and Explanation
Debit
Credit
(To record credit sale)
Inve
(To record cost of merchandise sold)
Sales Returns and Allowances
Accounts Receivable
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