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Transactions for buyer and seller Instructions Chart of Accounts-Shore Co.Chart of Accounts-Blue Star Co.Journal-Shore Co.Journal-Blue Star Co. Instructions Shore Co. sold merchandise to Blue Star

Transactions for buyer and seller

Instructions Chart of Accounts-Shore Co.Chart of Accounts-Blue Star Co.Journal-Shore Co.Journal-Blue Star Co.

Instructions

Shore Co. sold merchandise to Blue Star Co. on account, $112,000, termsFOB shipping point, 2/10, n/30. Thecost of the goods soldis $67,200. Shore Co. paid freight of $1,800.

Journalize the entries for Shore and Blue Star for the sale, purchase, and payment of amount due. Refer to the appropriate company's Chart of Accounts for exact wording of account titles.

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