Shore Co. sold merchandise to Blue Star Co. on account, $30,500, terms FOB shipping point, 2/15, n/30. The cost of the goods sold is $18,450. Shore paid freight if $700.

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.

eBook Show Me How Calculator Print Item Transactions for buyer and seller Instructions Chart of Accounts-Shore Co Chart of Accounts-Blue Star Co. Instructions Shore Co. sold merchandise to Blue Star Co. on account, $30,500, terms FOB shipping point, 2/15, 1/30. The cost of the goods sold is $18,450. Shore paid freight of $700 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 accounts Accounts Receivable-Blue Star Co. 30,500.00 1 Points 192 Check My Work 3 more Check My Work uses remaining Next o Ne 7/8/2020 hp Instructions Chart of Accounts-Shore Co. Chart of Accounts-Blue Star Co. 1 Instructions Journal-Shore Co. Shaded cells have feedback JOURNAL Score: 97/101 ACCOUNTING EQUAT DATE POST. REF DESCRIPTION Accounts Receivable-Blue Star Co. DEBIT CREDIT 1 ASSETS UUTIES Dec. 31 29,890.00 1 Sales 29,890.00 Dec. 31 Cost of Goods Sold