5-2

2. BE.05-05 BLANKSHEET.ALGO (Algorithmic) Transactions for buyer and seller Instrucbons Shore Co. sald merchanse to Blue Star Co. an accoun, $34,850, terms FOD shipping point, 215, n 3D. The cost of the goods seld is $17,900. Shore paid freight af S850 ournaize the entries for Shore ard v Star for the sae puchace, ad paymant af amount due, Reier to the aporoprate compay's Chart of Accouts for exactworuing of account ties Chart of Accounts-Shore Co CHART OF ACCOUNTS Shorc Co, General Ledger ASSETS REVENUE 410 Sale:s 110 Cash 121 Accounts Recervabla-Blue Star Co, 125 Nates Receivable 130 Inventory 140 Office Supplies 141 Store Suppies 142 Prepeid Insuranos 180 Lard 192 Store Equipment 183 Accumulated Deprecistion-Store Equicment 184 Office Equipment 195 Accumulated Depreciation-Office Equipment 534 Store Supplies Expense 610 Rent Revenup EXPENSES 501 Cost of Goods Sol 521 Delivery Expense 522 Advertisng Expense 524 Depreciation Expense Store Equipment 525 Depreciation Expanse-Clice Equipment 531 Rent Expanse 533 Insurance Expense 535 Onke Suppies Expense 536 Credit Card Expense 530 Miscellanecus Expense 710 Interest Exponse 210 Accounts Payable 218 Sales Tax Payable 219 Custamer Refunds Payable 220 Uneaned Rent 221 Notes Payable 310 Common Stock 311 Retained Earnings 312 Dividands 13 Inocme Summary Jo mazs the entres or Shore Co. or the sale and payment o the nt due Fo gn ting pupo ass use December 3, as the date for a transactions Refer to the app op ate companys Chart o Acoc PAGE 10 JOURNAL ACCOUNTING EQUATION POST. REF. ASSETS LIABLITIES EQUITY