Transactions for Buyer and Seler Shore Co. sold merchandise to Blue Star Co. on account, $111.200, terms FoB shipping point, 2/10, n/30. The cost of the goods sold is $66,720. shore paid freight of $1,900. ournalize Shore Co.'s entry for the sale, purchase, and payment of amount due. Accounts Receivable Blue Star 108,976 v Sales v 108976 Cost of Goods Sold 66,720 v Inventory Accounts Recelvable-Blue Star Co. 1,900 Cash Cash v 110,876 v Accounts Recelvable-Blue Star Co. ( 110876] Note who is the buyer and who is the senec The payment is less retums and decounts, and d counts are not taken on returns lf aeplicable determine whether tie buyer er elerto pay any Leaming Objective 2 lournalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due Inventory 108976x Accounts Payable Shore Co. 100.976 | X Accounts Payable-shore Co. 110876 Cash 110,876