Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, 130. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800. Assume all discounts are taken Journalize Shore Co.'s entries for the (a) sale on account. (b) payment of freight, and the collection of the amount due (a) Accounts Receivable-Blue Star Co. Sales 0 Cost of Merchandise Sold Merchandise Inventory (b) Accounts Receivable-Blue Star cash 0 DU 0 0 ( Cash