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[The following informatio -nolies to the questions displayed below.] Roger Company complew w the following transactions during Year 1. Roger's fiscal year ends on December

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[The following informatio -nolies to the questions displayed below.] Roger Company complew w the following transactions during Year 1. Roger's fiscal year ends on December 31. Jan. A Purchamed merchandise for resale on account. The involce anount vam 514,740 ; amame a perpatual inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $42,000 from National Bank for general uae) =igned a 12-month, 138 annual interest-be note for the money. June 3 Purchased merchandise for renale on account. The invoice amount was $17,420. July 5 Paid June 3 invoice. Aug. I Rented office space in one of Roger's buildings to another company and collected aix montha' advance amounting to $21,000. Dec. 20 Received a $260 deposit from a customer as a guarantee to return a trailer borrowed for 30 da 31 Determined wages of $8,600 were earned but not yet paid on December 31 (diaregard payrol1 tax Required: 1. Prepare journal entries for each of these transactions. (If no entry is required for a transaction/event, select "No) Purchased merchandise for resale on account. The invoice amount was $14,740; assume a perpetual inventory system. Note: Enter debits before credits. Paid January 8 invoice. Note: Enter debits before credits. Borrowed $42,000 from National Bank for general use; signed a 12-month, 13% annual interest-bearing note for the money. Notei Enter debits before credits. Purchased merchandise for resale on account. The invoice amount was $17,420. Note: Enter debits before credits. Note: Enter debits before credits. Rented office space in one of Roger's buildings to another company and collected six months' rent in advance amounting to $21,000. Note: Enter debits before credits. Recelved a $260 deposit from a customer as a guarantee to return a traller borrowed for 30 days. Note: Enter debits before credits. Determined wages of $8,600 were eamed but not yet paid on December 31 (disregard payroll taxes). Note: Enter debits before credits

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