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Transactions for buyer and seller Shore Co. sold merchandise to Blue Star Co. on...

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Accounting

Transactions for buyer and seller
Shore Co. sold merchandise to Blue Star Co. on account, $111,600, terms FOB shipping point, n30. The cost of the goods sold is $66,960. Shore paid freight of $2,000. Shore Co. issued a credit memo for $8,100 to Blue Star Co. for merchandise that was returned. The cost of the merchandise returned was $3,800.
Journalize Shore Co.'s entry for the sale, credit memo, and payment of amount due. If an amount box does not require an entry, leave it blank.
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