Transactions for buyer and seller Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, n/30. The cost of the goods sold is $67,200. Shore paid freight of $2,000. Shore Co. issued a credit memo for $8,100 to Blue Star Co. for merchandise that was returned. The cost of the merchandise returned was $3,800. Journalize Shore Co.'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 Payment Feedback Credit Memo Accounts Receivable-Blue Star Co. Accounts Receivable-Blue Star Co. Sales Cost of Goods Sold Purchase Inventory Payment Cash Customer Refunds Payable Accounts Receivable-Blue Star Co. Inventory Estimated Returns Inventory Cash Check My Work Note who is the buyer and who is the seller. The payment is less returns and discounts, and discounts are not taken on returns. If applicable, determine whether the buyer or seller is to pay any freight. Accounts Receivable-Blue Star Co. Journalize Blue Star Co.'s entry for the purchase, credit memo, and payment of amount due. If an amount box does not require an entry, leave it blank. Inventory Accounts Payable-Shore Co. Credit Memo Accounts Payable-Shore Co. Inventory V Accounts Payable-Shore Co. Cash 00 00

Transactions for buyer and seller Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, N/30. The cost of the goods sold is $67,200. Shore paid freight of \$2,000. Shore Co. issued a credit memo for $8,100 to Blue Star Co. for merchandise that was returned. The cost of the merchandise returned was $3,800. Journalize Shore Co's entry for the sale, credit memo, and payment of amount due. If an amount box does not require an entry, leave it blank. Feesood r Ched My Wok Note who is the buyer and who is the seller. The payment is less returns and discounts, and discounts are not taken on returns. tf applicable, determine whether the buyer or seller is to pay any freight: Joumalize Blue Star Co,'s entry for the purchase, credt memo, and payment of amount due. If an amount box does not require an entry, leave it blank