On October $5,$ Teal Mountain Company buys merchandise on account from Sandhill Company. The selling price of the goods is $$5,070,$ and the cost to Sandhill Company is $$3,510.$ On October $8,$ Teal Mountain returns defective goods with a selling price of $$850$ and a scrap value of $$290.$

Record the transactions of Teal Mountain Company, assuming a perpetual approach. $($If no entry is required, select $"$No Entry" for the