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299 PE 6-5A Transactions for buyer and seller OBJ. 2 Sather Co. sold merchandise to...

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299 PE 6-5A Transactions for buyer and seller OBJ. 2 Sather Co. sold merchandise to Boone Co. on account, $31,800, terms 2/15, n/30. The cost of the merchandise sold is $19,000. Journalize the entries for Sather Co. and Boone Co. for the sale, purchase, and payment of amount due. Assume all discounts are taken. PE 6-5B Transactions for buyer and seller OBJ. 2 Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the merchandise sold is $67,200. Shore Co. paid freight of $1,800. Journalize the entries for Shore Co. and Blue Star Co. for the sale, purchase, and payment of amount due. Assume all discounts are taken

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