On October 5, Oriole Company buys merchandise on account from Sage Hill Company. The selling price of the goods is $5,920, and the cost to Sage Hill Company is $3,840. On October 8, Oriole returns defective goods with a selling price of $970 and a scrap value of $330. Record the transactions on the books of Sage Hill 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.)