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 $2,000. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due 109,466 Sales 109,466 Cost of Goods Sold 67,020 7,020 Accounts Receivable-Blue Star Co 2,000 Cash 2,000 Cash 109,466 Accounts Receivable-Blue Star Co. 109,466 Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. Inventory 109,466X Accounts Payable-Shore Co. 109,466 X Co. 109,466 X Cash 109,466 X