Question: please answer in the same format Status Moving to another question will save this response Question 11 4 points Prepare the journal entry for the

please answer in the same format

Status Moving to another question will save this response Question 11 4 points Prepare the journal entry for the following transactions for Famous Company. Famous Company is a merchandising company that trades in wehron 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 BD Credit tems 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 (Mack BIUS E HE Arial Paragraph 10pt 2 I XO

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