rogers company completed the following transactions during 2014

Rogers Company completed the following transactions during 2014. The annual accounting period ends December 31, 2014. Jan. 8 Purchased merchandise for resale on account at an invoice cost of $14,860; assume a periodic inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $35,000 from National Bank for general use; executed a 12-month, 8 percent interest- bearing note payable. June 3 Purchased merchandise for resale on account at an invoice cost of $17,420. July 5 Paid June 3 invoice. Aug. 1 Rented a small office in a building owned by the company and collected six months' rent in advance amounting to $6,000. (Record the collection in a way that will not require an adjusting entry at year-end.) Dec. 20 Received a $100 deposit from a customer as a guarantee to return a large trailer borrowed" for 30 days. 31 Determined wages of$9,500 earned but not yet paid on December 31 (disregard payroll taxes)