On October 5, Sage Hill Company buys merchandise on account from Oriole Company. The selling price of the goods is $5,540, and the cost to Oriole Company is $3,500. On October 8, Sage Hill returns defective goods with a selling price of $900 and a scrap value of $340, Record the transactions of Sage Hill Company, assuming a perpetual approach. (If no entry is required, select "No Entry for the account titles and enter 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