+ Prepare the journal entry for the following transactions for Famous Company Famous Company is a merchandising company that trades in electronic devices Aug 1 Purchased 8,000 80 of merchandise inventory and immediately paid 8,000 BD cash Paid 30080 cash for shipping the merchandise purchased on Aug 3 Aug 3 Aug 7 Sold 7,000 BD worth of merchandise inventory to Relef Company on credit. The agreed selling price was 12.000 BD Crest tema are 4/10, 00, FOB shipping po Relief Company paid 200 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 Dr. Cash 120 Cr. Owner capital 120 For the toolbar, press ALT+F10 (PC) or ALTN10(Mac) BIVS *** And 10pt EEA 2 Ixa F & Maine to another unition will save this response 14