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 merchandise sold is $67,200. Shore Co. paid freight of $1,800. Assume all discounts are taken. Journalize Shore Co.'s entries for the (a) sale on account, (b) payment of freight, and the (c) collection of the amount due. (a) fill in the blank 157fa5fc9fa5fc3_2 fill in the blank 157fa5fc9fa5fc3_4 fill in the blank 157fa5fc9fa5fc3_6 fill in the blank 157fa5fc9fa5fc3_8 (b) fill in the blank 157fa5fc9fa5fc3_10 fill in the blank 157fa5fc9fa5fc3_12 (c) fill in the blank 157fa5fc9fa5fc3_14 fill in the blank 157fa5fc9fa5fc3_16 Journalize Blue Star Co.'s entries for the purchase of (a) merchandise on account and the (b) payment of the amount due. (a) fill in the blank 125136f7bf7f031_2 fill in the blank 125136f7bf7f031_4 (b) fill in the blank 125136f7bf7f031_6 fill in the blank 125136f7bf7f031_8
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 merchandise sold is $67,200. Shore Co. paid freight of $1,800. Assume all discounts are taken. Journalize Shore Co.'s entries for the (a) sale on account, (b) payment of freight, and the (c) collection of the amount due. (a) fill in the blank 157fa5fc9fa5fc3_2 fill in the blank 157fa5fc9fa5fc3_4 fill in the blank 157fa5fc9fa5fc3_6 fill in the blank 157fa5fc9fa5fc3_8 (b) fill in the blank 157fa5fc9fa5fc3_10 fill in the blank 157fa5fc9fa5fc3_12 (c) fill in the blank 157fa5fc9fa5fc3_14 fill in the blank 157fa5fc9fa5fc3_16 Journalize Blue Star Co.'s entries for the purchase of (a) merchandise on account and the (b) payment of the amount due. (a) fill in the blank 125136f7bf7f031_2 fill in the blank 125136f7bf7f031_4 (b) fill in the blank 125136f7bf7f031_6 fill in the blank 125136f7bf7f031_8
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 merchandise sold is $67,200. Shore Co. paid freight of $1,800. Assume all discounts are taken.
Journalize Shore Co.'s entries for the (a) sale on account, (b) payment of freight, and the (c) collection of the amount due.
(a) | fill in the blank 157fa5fc9fa5fc3_2 | ||
fill in the blank 157fa5fc9fa5fc3_4 | |||
fill in the blank 157fa5fc9fa5fc3_6 | |||
fill in the blank 157fa5fc9fa5fc3_8 | |||
(b) | fill in the blank 157fa5fc9fa5fc3_10 | ||
fill in the blank 157fa5fc9fa5fc3_12 | |||
(c) | fill in the blank 157fa5fc9fa5fc3_14 | ||
fill in the blank 157fa5fc9fa5fc3_16 |
Journalize Blue Star Co.'s entries for the purchase of (a) merchandise on account and the (b) payment of the amount due.
(a) | fill in the blank 125136f7bf7f031_2 | ||
fill in the blank 125136f7bf7f031_4 | |||
(b) | fill in the blank 125136f7bf7f031_6 | ||
fill in the blank 125136f7bf7f031_8 |
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