Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $111,800, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $67,080. Shore paid freight of $1,900. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. ) il Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. BE Previous Next >