Prepare journal entries to record the following transactions entered into by the Merando Company: 
Definitions:
Management Principles
Fundamental truths that serve as the foundation for management practices, guiding the decision-making and behavior of managers.
Electronic Translator
A handheld or digital device that translates words or phrases from one language to another.
Foreign Language
A language that is not the native language of the speaker, but that is used in the area of the speaker.
Polychronic Cultures
Societies that prefer multi-tasking and consider time to be fluid and less strict regarding schedules.
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