On October $5,$ Ivanhoe Company buys merchandise on account from Concord Company. The selling price of the goods is $$5,450,$ and the cost to Concord Company is $$3,310.$ On October $8,$ Ivanhoe returns defective goods with a selling price of $$660$ and a fair value of $$105.$

Record the transactions on the books of Ivanhoe Company. $($List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do nos indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$

$\backslash$table$[[$Date Account Titles and Explanation$],[($To record goods purchased on account$)]]$