Shore Co Sold Merchandise To Blue Star Co On Account 112 000 Terms Fob Shipping Point 2 10 N 30 The Cost Of The 1 (28.84 KiB) Viewed 9 times
Shore Co Sold Merchandise To Blue Star Co On Account 112 000 Terms Fob Shipping Point 2 10 N 30 The Cost Of The 2 (21.3 KiB) Viewed 9 times
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. Accounts Receivable-Blue Star Co ✓ Cost of Goods Sold - V Inventory ✓ V Accounts Payable Blue Star Co -X Cash ✓ Accounts Receivable Blue Star Co 112,000 X 67,200 ✔ 10 1.000 109,760 X 112,000 X 67,200 1.ДОО 112.000 X Check My Work Note who is the buyer and who is the seller. The payment is less retums and discounts, and discounts are not taken on returns If applicable, determine whether the buyer or ser to pay any bright amount for fors 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. 112,000 X Inventory Accounts Payable-Shore Co. -V Accounts Payable-Shore Co Cash Feedback Feedback 112,000 X Check My Work Partly conect 112,000 X Check My Work Note who is the buyer and who is the seller The payment is less retums and discounts, and discounts are not taken on returns if applicable, determine whether the buyer or seller o to pay any freight 109,760 X
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