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 $14,770; assume a periodic inventory system.
	17	Paid January 8 invoice.
Apr.	1	Borrowed $48,000 from National Bank for general use; executed a 12-month, 9 percent interest-bearing note payable.
June	3	Purchased merchandise for resale on account at an invoice cost of $17,320.
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 $36,000. (Record the collection in a way that will not require an adjusting entry at year-end.)
Dec.	20	Received a $230 deposit from a customer as a guarantee to return a large trailer borrowed for 30 days.
	31	Determined wages of $10,000 earned but not yet paid on December 31 (disregard payroll taxes).

Prepare journal entries for each of these transactions

-date Jan 8 : Purchased merchandise for resale on account at an invoice cost of $14,770; assume a periodic inventory system.

-datedec 31: Record the adjusting entry required on December 31.