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, 699 ; assume a perpetual inventory January 17 Paid January 8 invoice. April 1 Borrowed $72, eee from National bank for general use; signed a 12-month, ax annual interest-bearing note for the June 3 Purchased merchandise for resale on account. The involce amount was $17,320. July 5 Paid June 3 invoice. August 1 Rented office space in one of Roger's buildings to another corpany and collected six months' rent in advance December 20 amounting to $30,000. Decenber 31 Received a $280 deposit from a custoner as a guarantee to return a trailer borrowed for 39 days. Deternined wages of $9,900 were earned but not yet paid on Decenber 31 (disregard payroll taxes). Required: 1. Prepare journal entries for each of these transactions. 2. Prepare the adjusting entries required on December 31 3. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31. 4. For each transaction, state whether operating cash flows increase, decrease, or are not affected. Complete this question by entering your answers in the tabs below. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31