Prepare joumal entries for the following transactions of ABC Company. (30 points) 8. ABC Co, purchases merchandise inventory costing $200,000. The terms are FOB Destination, net 30. The shipping cost of $1,000 will be paid in cash by the responsible party. 9. ABC Co. returns $10,000 of the merchandise. 10. ABC Co. pays the amount due. 11. ABC Co. sells merchandise for $6,000 on account. The merchandise cost ABCCo. $2,000. The terms of the sale are FOB Shipping Point, F30