Prepare the journal entries for following transactions :a ) The owners invested $ 11,000 cash in the company.b ) The company paid $ 350 rent in advance.c ) The company acquired merchandise inventory on account for $ 2,800d ) The company sold merchandise inventory costing $ 1,100 for $ 1,600 on account.e ) The company collected $ 400 cash from credit customersf ) $ 450 Wages earned and paid to employees .