Transactions for buyer and sellerShore Co. sold merchandise to Blue Star Co. on account, $112,000, termsFOB shipping point, 2/10. n/30. The cost of the goods sold is $67,200. Shore paid freight of $1,800. Journalize the entries for Shore and BlueStar for the sale, purchase, and payment of amount due.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
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Chapter1: Financial Statements And Business Decisions
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Transactions for buyer and seller
Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms
FOB shipping point, 2/10. n/30. The cost of the goods sold is $67,200.

Shore paid freight of $1,800. Journalize the entries for Shore and Blue
Star for the sale, purchase, and payment of amount due.

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