Jan. 8 Purchased merchandise for resale on account. The invoice amount was $14,830; assume a perpetual inventory system 17 Paid January 8 invoice. Apr. 1 Borrowed $42,000 from National Bank for general use; signed a 12-month, 68 annual interest-bearing note for the money. June 3 Purchased merchandise for resale on account. The invoice amount was $17.220. 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 $27,000. Dec. 20 Received a $150 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. 31 Determined wages of $10,400 were earned but not yet paid on December 31 (disregard payroll taxes). P9-2 Part 4 4. For each transaction, state whether operating cash flows increase, decrease, or are not affected. (Select "NE" If there is no effect.) Effect Transaction January 8 January 17 April 1 June 3 July 5 August 1 December 20 December 31