C On October 5, Teal Mountain Company buys merchandise on account from Sandhill Company. The selling price of the goods is $6,110, and the cost to Sandhill Company is $3,390. On October 8, Teal Mountain returns defective goods with a selling price of $820 and a scrap value of $420. Record the transactions of Teal Mountain Company, assuming a perpetual approach. (If no entry is required, select "No Entry" for the account titles and enter O 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.) Date Oct. 5 Oct. 8 V V Account Titles and Explanation Inventory Accounts Payable Debit 6110 Credit 6110

On October 5, Teai Mountain Company buys merchandise on account from Sandhill Company. The selling price of the goods is $6,110 and the cost to Sandhill Company is $3,390. On October B, Teal Mountain returns defective goods with a selling price of $820 and a scrap value of $420 Record the transactions of Teal Mountain 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.)