Instructions Shore Co sold merchandise to Blue Star Co. on account, $28,100, terms FOB shipping point, 2/15, 1/30. The cost of the goods sold is $19,050. Shore paid freight of $900 Journalize the entries for Shore and Blue Star for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system Refer to the appropriate company's Chart of Accounts for exact wording of accodantes CHART OF ACCOUNTS Shore Co. General Ledger REVENUE 410 Sales 610 Rent Revenue ASSETS 150 Cash 121 Accounts Receivable Blue Star Co. 125 Notes Receivable 130 inventory 140 Oca Suboties 141 Store Supolles 142 Prepaid Insurance 180. Land EXPENSES 501 Cost of Goode sold 521 Delivery Expense 522 Advertising Expense 24 nang man Instructions Chart of Accounts-Shore Co. 192 Store Equipment 193 Accumulated Depreciation Store Equipment 194 Office Equipment 195 Accumulated Depreciation Office Equipment 525 Depreciation Expense-Office Equipment 531 Rent Expense 533 Insurance Expense 534 Store Supplies Expense 535 Office Supplies Expense 536 Credit Card Expense 539 Miscellaneous Expense 710 Interest Expense LIABILITIES 210 Accounts Payable 218 Sales Tax Payable 219 Customer Refunds Payable 220 Unearned Rent 221 Notes Puyable EQUITY JOURNAL SUOUS TE WONG Score: 25/101 ACCOUNTING DATE DESCRIPTION POST. REF CREDIT ASSETS LIABILITIE Dec. 31 Cost of Goods Sold DEBIT 19050 2 Inventory 19,050.00 3 Dec 31 Journal-Blue Star Co. How does grading work? Shaded cells have feedback X JOURNAL Score: 25/51 ACCOUNTING EQU DATE DESCRIPTION POST REF DEBIT CREDIT ASSETS LIABILITIES 1 Dec. 31 Accounts Receivable 27,535.00 1 Sales 22.535.00 Dec 31 Accounts Receivable 900.00 Cash 900.00