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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

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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 $1,800, Shore Co. issued a credit memo for $7,500 to Blue 5 tar Co, for merchandise that was returned. The cost of the merchandise returned was $4,000. 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 biank. Sa Pa Fester T Chad Mr Won Note who is the buyer and who is the seller. The payment is liss returns and discounts, and discounts are not taken on retums. If applicable, determine whether the buyer or seler is to pay ony freight. 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

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