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 $$14,860$; assume a perpetual

January $17$ inventory system.

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

June $3$ Purchased merchandise for resale on account. The invoice amount was $$17,420.$

July $5,$ Paid June $3$ invoice.

August $1$ Rented office space in one of Roger's buildings to another company and collected six months' rent in

advance amounting to $$12,000.$

December $20$ Received a $$150$ deposit from a customer as a guarantee to return a trailer borrowed for $30$ days.

December $31$ Determined wages of $$8,800$ were earned but not yet paid on December $31($disregard payroll taxes$).$

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 $31.$

For each transaction, state whether operating cash flows increase, decrease, or are not affected.