Prepare journal entries, applying current US GAAP, to account for the following. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. On January 8, 2021, a company paid $40,000 cash to purchase one Bitcoin. b. On January 11, 2021, Bitcoin's price fell to $30,305 per coin. c. On January 31, 2021, Bitcoin's price recovered to $33,087 per coin. View transaction list Journal entry worksheet < 1 2 3 On January 8, 2021, a company paid $40,000 cash to purchase one Bitcoin.. Note: Enter debits before credits. Date January 08, 2021 General Journal Debit Credit Record entry Clear entry View general journal Prepare journal entries, applying current US GAAP, to account for the following. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) a. On January 8, 2021, a company paid $40,000 cash to purchase one Bitcoin. b. On January 11, 2021, Bitcoin's price fell to $30,305 per coin. c. On January 31, 2021, Bitcoin's price recovered to $33,087 per coin. View transaction list Journal entry worksheet < 1 2 3 On January 8, 2021, a company paid $40,000 cash to purchase one Bitcoin.. Note: Enter debits before credits. Date January 08, 2021 General Journal Debit Credit Record entry Clear entry View general journal