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Journalize shore co entry for the sale

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Shore Co. sold merchandise to Blue Star Co. on account, $111,600, terms FOB shipping point, 2/10, n/30. The cost of the goods sold is $66,960. Shore paid freight of $2,000.

Problem 1: 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.

Reference no: EM132692098

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