EZ Curb Company completed the following transactions. The annual accounting period ends December 31 Jan. 8 Purchased merchandise on account at a cost of $21,500. (Assume a perpetual inventory system.) 17 Paid for the January 8 purchase Received $52,000 from National Bank after signing a 12-month, 13.5 percent, promissory Apr.1note. June 3 Purchased merchandise on account at a cost of $25,500. July 5 Paid for the June 3 purchase Aug. 1 Rented out a small office in a building owned by EZ Curb Company and collected six months' rent in advance, amounting to $10,500. (Use an account called Unearned Revenue.) Dec. 20 Collected $250 cash on account from a customer Dec. 31 Determined that wages of $9,500 were earned but not yet paid on December 31 (ignore payroll taxes). Dec. 31 Adjusted the accounts at year-end, relating to interest. Dec. 31 Adjusted the accounts at year-end, relating to rent Required 1. Prepare journal entries for each of the transactions through December 20. (lf no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Import a new list 2 Record the payment for inventory in full. 3 Record the borrowing of $52,000 4 Record the purchase of inventory for $25,500 on account. Record the payment for inventory in full. 5 Credit Record the collection of six months rent in advance amounting to $10,500 6 7 Record the receipt of a deposit from a customer of $250 ote:-journal entry has been entered Record entry Clear entry View general journal Prepare any adjusting entries required on December 31. (If no entry is required for a transactionlevent, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Import a new list Record the wages earned, but not yet paid as of December 31 1 Record the adjusting entry relating to interest. 2 3 Record the adjusting entry relating to rent. Credit Note:-journal entry has been entered Record entry Clear entry View general journal Show how all of the liabilities arising from these items are reported on the balance sheet at December 31. (Do not round intermediate calculations.) EZ CURB COMPANY Balance Sheet (partial) At December 31