On June 10, Teal Mountain Company purchased $8,000 of merchandise from Sandhill Company, on account, terms 2/10, n/30. Teal Mountain pays the freight costs of $430 on June 11. Goods totaling $500 are returned to Sandhill for credit on June 12. On June 19, Teal Mountain Company pays Sandhill Company in full, less the purchase discount. Both companies use a perpetual inventory system. Prepare separate entries for each transaction on the books of Teal Mountain Company. (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.) Date Account Titles and Explanation Debit Credit Prepare separate entries for each transaction for Sandhill Company. The merchandise purchased by Teal Mountain on June 10 cost Sandhill $2,090, and the goods returned cost Sandhill $280. (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.) Date Account Titles and Explanation Debit Credit (To record credit sale) (To record cost of goods sold) (To record credit sale) (To record cost of goods returned)