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. 8 Purchased merchandise for resale on account. The invoice amount was $14,730; assume a perpetual inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $48,000 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 invoice amount was $17,420. 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 $18,000. Dec.20 Received a $190 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. 31 Determined wages of $9,700 were earned but not yet paid on December 31 (disregard payroll taxes). P9-2 Part 1 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 first account field.) View transaction list Journal entry worksheet Purchased merchandise for resale on account. The invoice amount was $14,730; assume a perpetual inventory system. Note: Enter debits before credits. Date General Journal Debit Credit January 08 Record entry Clear entry View general journal