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12.00 points Tiger Company completed the following transactions. The annual accounting period ends December 31 Purchased merchandise on account at a cost of $36,000. (Assume
12.00 points Tiger Company completed the following transactions. The annual accounting period ends December 31 Purchased merchandise on account at a cost of $36,000. (Assume a perpetual inventory system.) Paid for the January 3 purchase. Received S92,000 from Atlantic Bank after signing a 12-month, 7.5 percent promissory note. Jan. 3 Jan. 27 Apr. 1 June 13 Purchased merchandise on account at a cost of $10,400. July 25 Paid for the June 13 purchase. Aug. Rented out a small office in a building owned by Tiger Company and collected eight months' rent in advance amounting to $10,400. (Use an account called Uneamed Rent Revenue.) Dec. 31 Determined wages of $24,000 were eamed but not yet paid on December 31 (ignore payroll Dec. 31 Dec. 31 taxes). Adjusted the accounts at year-end, relating to interest. Adjusted the accounts at year-end, relating to rent. Required: For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation. (Do not round intermediate calculations. Enter any decreases to account balances with a minus sign. Enter your answers in transaction order provided in the problem statement.) 1. Date Assets ilities Stockholders' Equity Jan. 3 Jan. 27 Apr. 1 June 13 July 25 Aug. 1 Dec. 31 Dec. 31 Dec. 31
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