Prepare the journal entry for the following transactions for Famous Company Famous Company is a merchandising company that trades in s Purchased 8,000 BD of merchandise inventory and immediately paid 8,000 BO cash Aug 1 Aug 3 Aug 7 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 seling price was 11.000 50. Credit 3000, FOB shisons pot Relief Company paid 100 BD for the transportation fees to the shipment company (NOT Famous Company) Answer in the following formt Note. This is just an example and is not nalated to the quelion! Jan 1 Dr. Cash. 120 Cr. Owner capital or the toolbar, press ALT-F10 (PC) or ALT+FN+F10 (Mac) 120