Roger Company completed the following transactions during Year $1.$ Roger's fiscal year ends on December $31.$

January $8$ Purchased merchandise for resale on account. The invoice amount was $$14,770$; assume a perpetual

inventory system.

January $17$ Paid January $8$ invoice.

April $1$ Borrowed $$60,000$ from National Bank for general use; signed a $12-$month, $7\%$ annual interest$-$bearing

note for the money.

Purchased merchandise for resale on account. The invoice amount was $$17,320.$

Paid June $3$ invoice.

Rented office space in one of Roger's buildings to another company and collected six months' rent in

advance amounting to $$24,000.$

Received a $$200$ deposit from a customer as a guarantee to return a trailer borrowed for $30$ days.

Determined wages of $$10,100$ were earned but not yet paid on December $31($disregard payroll taxes$).$

June $3$

July $5$

August $1$

Required:

Prepare journal entries for each of these transactions.

Prepare the adjusting entries required on December $31.$

Show how all of the liabilities arising from these transactions are reported on the balance sheet at December $31.$Show how all of the liabilities arising from these transactions are reported on the balance sheet at December $31.$