Transactions for Buyer and Seller Shore Co. sold merchandise to Blue Star Co. on account, $111,700, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $67,020 Shore paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due. Accounts Receivable-Blue Star Co. 109,466 Sales 109,466 V Cost of Goods Sold 67,020 InventoryY 67,020 V Accounts Receivable-Blue Star Co. x Cash 1,800 Cash Accounts Receivable-Blue Star Co. 111,700 X