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Question t press Prepare the journal entry for the following transactions for Famous Company Famous Company is a merchandising company that trades in electronic devices 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 Aug 1 Aug 3 Aug 7 Sold 6,000 BD worth of merchandise inventory to Relief Company on crede. The agreed selling price was 11,000 BD. Credit torms are 3/10,n30 FOB shipping point Relief Company paid 100 BD for the transportation fees to the shipment company (NOT Famous Company) Answer in the following formtNote This is just an example and is not related to the question Jan 1 Dr. Caph 120 Cr Owner capital 120 For the bar press ALT+F10 (PC) or ALT-IN-10 Mac re S Aval EE E AIXO Q 10pr 1 "(2 . EE +00 8 1 4 xx