eBook Show Me How Cac 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 Joumalize Shore Co.'s entry for the sale, purchase, and payment of amount due. Accounts Receivable Blue Star Co. 109,760 Sales 109.760 Cost of Goods Sold 67,200 Inventory 67,200 Accounts Receivable-Blue Star Co. 1,800 Cash 1.800 Cash & Accounts Receivable-Blue Star Co. Journal Blue Star Coi's entry for the sale, purchase, and payment of amount due Inventory Accounts Payabile Shore Co. Previous Next Check My Work