no. 2

no. 1

Determine the amount to be paid in full settlement of each of two invoices, (a) and (b), assuming that credit for returns and allowances was received prior to payment and that all invoices were paid within the discount period. If required, round the answers to the nearest dollar. Shore Co. sold merchandise to Blue Star Co. on account, $110,900, terms FOB shipping point, n/30. The cost of the goods sold is $66,540. Shore paid freight of $2,000. Shore Co. issued a credit memo for $7,900 to Blue Star Co. for merchandise that was returned. The cost of the merchandise returned was $4,100. Journalize Shore Co.'s entry for the sale, credit memo, and payment of amount due. If an amount box does not require an entry, leave it blank