Check Required information P9-2 (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 Jan. & Purchased merchandise for renale on account. The Invoice mount was $14,820; assume perpetual Inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $24,000 from National Bank for general use; signed 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 3 Invoice. Aug. 1 Rented office space in one of Roger's buildings to another company and collected six months' rent in advance amounting to $30,000. Dec. 20 Received a $110 deposit from a customer as a gualantee to return a trailer borrowed for 30 days. 31 Determined wages of $8,900 were earned but not yet paid on December 31 (disregard payroll taxes), P9-2 Part 2 2. Prepare the adjusting entries required on December 31. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) Journal entry worksheet