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PB10-1 Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio LO 10-2, LO 10-5 ger Company completed the

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PB10-1 Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation of Effects on the Debt-to-Assets Ratio LO 10-2, LO 10-5 ger Company completed the following transactions. The annual accounting period ends December 31 Jan. 3 Purchased merchandse on account acos of $29,000(Assumeperpetual invertory system) Jan. 27 Paid for the January 3 purchase Apr. 1 Received $85,000 from Atiantic Bank aher signing a 12-month 8.0 percent promissory note June 13 Purchased merchandse on account at a cost of $9,000 Jly 25 Paid for the June 13 purchase Aug. 1 Rented out a small office in a building owned by Tiger Company and colected eight months rent in advance amounting to $9,000 (Use an account called Uneamed Rent Revenue) Determined wnges ol $17,000 wre eaned but not yet paid on December 31 gnore payroll Dec. 31 Dec. 31 Adjusted the accounts at year-end, relating to interest Dec 31 Adjusted the accounts at year end, nelating to rent caleulations. Ente balances with a mius sign. Enter your answers in transaction order provided in the problem Jan 27 lune 13 Aug 1 Dec. 31 25 Dec. 31 0

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