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BE 5-5 Transactions for Buyer and Seller Obj. 2 Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10,

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BE 5-5 Transactions for Buyer and Seller Obj. 2 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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