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Shore Co. sold merchandise to Blue Star Co. on account, $110,000, terms FOB shipping point, n/30. The cost of the goods sold is $66,000. Shore

Shore Co. sold merchandise to Blue Star Co. on account, $110,000, terms FOB shipping point, n/30. The cost of the goods sold is $66,000. Shore paid freight of $1,900. Shore Co. issued a credit memo for $8,000 to Blue Star Co. for merchandise that was returned. The cost of the merchandise returned was $4,500. Journalize the entries for Shore and Blue Star for the sale, purchase, credit memo, and payment of amount due

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