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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.)

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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 $14,800; assume a perpetual inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $66,000 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 $17,320. 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 $24,000. Dec. 20 Received a $190 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. 31 Determined wages of $10,200 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 + THE 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 1 2 3 4 5 6 7 8 Purchased merchandise for resale on account. The invoice amount was $14,800; assume a perpetual inventory system. Note: Enter debits before credits Date General Journal Debit Credit January 08 View transaction list Journal entry worksheet Paid January 8 invoice. Note: Enter debits before credits Date General Journal Debit Credit January 17 Record entry Clear entry View general journal Required information View transaction list Journal entry worksheet Purchased merchandise for resale on account. The invoice amount was $17,320. Note: Enter debits before credits General Journal Date June 03 Debit Credit Record entry Clear entry View general journal 4 of 11 Score answer >

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