24 801:29:31 Tiger Company completed the following transactions. The annual accounting period ends December 31. January 3 Purchased merchandise on account at a cost of $33,000. (Assume a perpetual inventory system.) January 27 Paid for the January 3 purchase. April 1 Received $89,000 from Atlantic Bank after signing a 12-month, 6.0 percent promissory note. June 13 Purchased merchandise on account at a cost of $9,800. July 25 Paid for the June 13 purchase. July 31 Rented out a small office in a building owned by Tiger Company and collected eight months' rent in advance amounting to $9,800. December 31 Determined wages of $21,000 were earned but not yet paid on December 31 (ignore payroll taxes). December 31 Adjusted the accounts at year-end, relating to interest. December 31 Adjusted the accounts at year-end, relating to rent. Required: 1. & 2. Prepare journal entries for each of the transactions through August 1 and any adjusting entries required on December 31. 3. Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. Complete this question by entering your answers in the tabs below. Req 1 and 21 Req 3 Prepare journal entries for each of the transactions through August 1 and any adjusting entries required on December 31. (Do not intermediate calculations. If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account fiel View transaction list 24 Journal entry worksheet < 1 2 3 4 5 6 7 8 9 01:29:11 Purchased merchandise on account at a cost of $33,000. (Assume a perpetual inventory system.) Record the transaction. Note: Enter debits before credits. Date January 03 General Journal Debit Credit Record entry Clear entry View general journal 4 01:28:37 Journal entry worksheet < 1 2 3 4 5 6 7 8 Paid for the January 3 purchase. Record the transaction. Note: Enter debits before credits. Date January 27 6 General Journali Debit Credit Record entry Clear entry Req 1 and 2 View general journal Req 3 > 24 01:28:24 Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Received $89,000 from Atlantic Bank after signing a 12-month, 6 percent promissory note. Record the transaction. Note: Enter debits before credits. Date April 01 General Journal Debit Credit Record entry Clear entry View general journal < Req 1 and 2 Req 3 > Journal entry worksheet < 1 2 3 4 6 7 8 9 Purchased merchandise on account at a cost of 9,800. Record the transaction. Note: Enter debits before credits. Date June 13 General Journal Debit Credit View general journal Record entry Clear entry 24 01:27:59 Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Paid for the June 13 purchase. Record the transaction. Note: Enter debits before credits. Date July 25 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 4 5 6 7 8 9 Rented out a small office in a building owned by Tiger Company and collected eight months' rent in advance amounting to $9,800. Record the transaction. Note: Enter debits before credits. Date July 31 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Determined wages of $21,000 were earned but not yet paid on December 31 (Ignore payroll taxes). Record the transaction. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal :08 Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Adjusted the accounts at year-end, relating to interest. Record the transaction. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 5 6 7 8 9 Adjusted the accounts at year-end, relating to rent. Record the transaction. Note: Enter debits before credits. Date December 31 General Journal Debit Credit Record entry Clear entry View general journal Req 1 and 2 Req 3 Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not rout intermediate calculations.) TIGER COMPANY Balance Sheet (partial) 0