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Transactions for Buyer and Seller 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 paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. 38 Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an alnount box does not require an entry, leave it blank. 00

Transactions for Buyer and Seller 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 paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. 38 Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an alnount box does not require an entry, leave it blank. 00

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transactions for buyers and sellers Shore Co. sold merchandise to blue star Co. on account, $112,000, terms FOB shipping point, 2/10, 10/30. The cost of the goods sold is $67,200. Shore paid freight of $1800. Journalize Shore Co.’s entry for this sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Journalize blue star Co.’s entry for the sale, purchase, and payment of amount due if an amount box does not require an entry leave it blank.
CengageNOWv2 | Online teachin * Cengage Learning G 8000x2% - Google Search + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%=&inprogress=false w. O eBook Show Me How A Calculator Transactions for Buyer and Seller 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 paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an alnount box does not require an entry, leave it blank. US VI 8:30 acer % & 7
Transcribed Image Text:CengageNOWv2 | Online teachin * Cengage Learning G 8000x2% - Google Search + ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator%=&inprogress=false w. O eBook Show Me How A Calculator Transactions for Buyer and Seller 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 paid freight of $1,800. Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an alnount box does not require an entry, leave it blank. US VI 8:30 acer % & 7
CengageNOWv2 | Online teachin Cengage Learning G 8000x2% - Google Search n/takeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator%3&inprogress%-false w. * O eBook Show Me How E Calculator Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. US 1 8:3 acer 6. 7. 8
Transcribed Image Text:CengageNOWv2 | Online teachin Cengage Learning G 8000x2% - Google Search n/takeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator%3&inprogress%-false w. * O eBook Show Me How E Calculator Journalize Shore Co.'s entry for the sale, purchase, and payment of amount due, using the net method under a perpetual inventory system. If an amount box does not require an entry, leave it blank. Journalize Blue Star Co.'s entry for the sale, purchase, and payment of amount due. If an amount box does not require an entry, leave it blank. US 1 8:3 acer 6. 7. 8
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