Required information [The following information applies to the questions displayed below.] The following is sample list of the Speiran Company's transactions completed during 2019. The company's fiscal year ends on December 31. Jan. 8 Purchased merchandise for resale on account. The invoice amount was $14,700; assume a perpetual inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $60,000 from Lowell Bank for general use; signed a 12-month, 8% annual interest-bearing note for the money. May 1 Rented office space in one of Speiran Company's buildings to another company and collected six months' rent in advance amounting to $24,000. 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 Purchased merchandise for resale on account. The invoice amount was $14,700; assume a perpetual inventory system. Note: Enter debits before credits. Date January 08 General Journal Debit Credit Record entry Clear entry View general journal >