Check my P-2 (Algo) Recording and Reporting Current Liabilities with Discussion of Cash Flow Effects LO9-1.9-5 [The following information applies to the questions displayed below] Roger Company completed the following transactions during Year 1. Roger's fiscal year ends on December 31 San. Purchased merchandise for resale on account. The invoice mount was $14,820; assume a perpetual inventory system 17 Paid January Invoice. Apr. 1 Borrowed $24,000 from National Bank for general uses signed a 12-month, 11% annual Interest-bearing note for the money June 3 Purchased merchandise for resale on account. The Invoice amount was $17,320. July 5 Paid June > Invoice A1 Rented office space in one of Hoger's buildings to another company and collected six months rent in advance amounting to $30,000 Dec. 20 ceived a $110 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. 31 Determined wages of 50,900 were earned but not yet paid on December 31 (disregard payroll taxes) P9-2 Part 1 Required: 1. Prepare Journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1 2 3 4 5 6 7 8 Purchased merchandise for resale on account. The invoice amount was $14,820; assume a perpetual inventory system. Note: Enter debits before credits. Date General Journal Debit Credit January 08 Record entry Clear entry View general journal CD