Shore Co$.$ sold merchandise to Blue Star Co$.$ on account, $$112,000,$ terms FOB shipping point, $\frac{n}{30}.$ The cost of the goods sold is $$67,200.$ Shore paid freight of $$1,800.$ Shore Co$.$ issued a credit memo for $$7,500$ to Blue Star Co$.$ for merchandise that was returned. The cost of the merchandise returned was $$4,000.$

Journalize Shore Co$.\text{'}$s entry for the sale, credit memo, and payment of amount due. If an$,$amount box, does not require an entry, leave it blank.

Sale

Credit Memo

Payment