cricket it. 38% 1:23 PM K Document View . . . BE 05-05 Shore Co. sold merchandise to Blue Star Co. on account, $112,000, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $67,200. Shore Co. paid freight of $1,800. Journalize the entries for Shore and Blue Star for the sale, purchase, and payment of amount due. Refer to the appropriate company's Chart of Accounts for exact wording of account title Date Description Debit Credit Dec 31 Accounts Receivable - Blue Star Co 109,706.00 Sales 109,760.00 31 Cost of Goods Sold 67200.00 Inventory 67200.00 31 Cash 111560.00 Accounts Receivable-Blue Star Co 111560.00 31 Accounts Receivable-Blue Star Co 1800.00 Cash 1800.00 Date Description Debit Credit Dec 31 Inventory 111,560.00 Accounts Payable-Shore Co 111560.00 31 Accounts Payable-Shore Co 111560.00 Cash 111560.00 ? Helpful Unhelpful Ask Expert Tutors O