Rogers Company completed the following transactions during Year 1. Rogers's fiscal year enc on December 31. Jan. 8 Purchased merchandise for resale on account. The invoice amount was $14,860; assume perpetual inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $35,000 from National Bank for general use; signed a 12-month, 8% annual interest-bearing note for the money. June 3 Purchased merchandise for resale on account. The invoice amount was $17,420. July 5 Paid June 3 invoice. Aug. 1 Rented office space in one of Rogers's buildings to another company and collected six months' rent in advance amounting to $6,000. Received a $100 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. 31 Determined wages of $9,500 were earned but not yet paid on December 31 (disregard payroll taxes). Dec. 20 1. Prepare journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Purchased merchandise for resale on account. The invoice amount was $14,860; assume a perpetual inventory system. Jan 08 Paid Jan 8invoice Jan 17 Borrowed $35,000 from National Bank for general use; signed a 12-month, 8% annual interest-bearing note for the money. April 1 Purchased merchandise for resale on account. The invoice amount was $17,420. June 03 Paid June 3 Invoice July 5 Rented office space in one of Rogers's buildings to another company and collected six months' rent in advance amounting to $6,000 August 01 Received a $100 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. Dec 20 Determined wages of $9,500 were earned but not yet paid on December 31 (disregard payroll taxes). Dec 31 2. Prepare the adjusting entries required on December 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Record the adjusting entry for interest expense Dec 31 Rend the antine entry for rent reve 3. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31. Current liabilities Total ROGERS COMPANY Balance Sheet (Partial) As of December 31 0