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I will leave a like! Thank you! Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $110,100, terms FOB
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Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $110,100, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $66,060. Shore paid freight of $1,900. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Accounts Receivable-Blue Star Co. Sales Cost of Goods Sold Inventory Accounts Receivable-Blue Star Co. Cash Cash Accounts Receivable-Blue Star Co. Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. Inventory Accounts Payable-Shore Co. Accounts Payable-Shore Co. 8 CashStep by Step Solution
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