Prepare the journal entry for the following transactions for Famous Company. Famous Company is a merchandising company that trades in electronic devices Aug 1 Aug 3 Aug 7 Purchased 8.000 BD of merchandise inventory and immediately paid 8.000 BD cash Paid 300BD cash for shipping the merchandise purchased on Aug 3 Sold 6.000 BD worth of merchandise inventory to Relief Company on credit. The agreed selling price was 11,000 0 Credit terms are 3/10, n/30, FOB shipping point. Relief Company paid 100 BD for the transportation fees to the shipment company (NOT Famous Company) Answer in the following format (Note: This is just an example and is not related to the question Jan 1 120 Dr. Cash Cr Owner capital 120 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac BIUS Paragraph V Arial V 10pt E *** 21x310 PRISE AJ