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Questions 2 -5 (of 13) The following information applies to the questions displayed below.) Rogers Company completed the following transactions during Year 1. Rogers's fiscal
Questions 2 -5 (of 13) The following information applies to the questions displayed below.) Rogers Company completed the following transactions during Year 1. Rogers's fiscal year ends on December 31. Jan. 8 Purchased merchandise for resale on account. The Invoice amount was $14,830, assume a perpetual Inventory system. 17 Pald January 8 Invoice Apr 1 Borrowed $30,000 from National Bank for general use; signed a 12-month, 13% annual interest-bearing note for the money June 3 Purchased merchandise for resale on account. The Involce amount was $17,220. July 5 Pald June 3 Invoice Aug. 1 Rented office space In one of Rogers's bulldings to another company and collected six months' rent In advance amounting to $33,000. Dec. 20 Recelved a $110 deposlt from a customer as a guarantee to return a traller borrowed for 30 days. 31 Determined wages of $9,300 were earned but not yet pald on December 31 (disregard payroll taxes). value: 1.00 points 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 fi
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