On October 5, Bramble Corporation buys merchandise for resale on account from Sheffield Corporation. The selling price of the goods is $5,110, and the cost to Sheffield Company is $2,910. On October 8, Bramble returns defective goods with a selling price of $760 and a cost 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 not more. Both companies use a periodic inventory system. Record the transactions on the books of Sheffield Corporation.