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The following information applies to the questions displayed below.) Roger Company completed the following transactions during Year 1. Roger's fiscal year ends on December 31.
The following information applies to the questions displayed below.) Roger Company completed the following transactions during Year 1. Roger's fiscal year ends on December 31. Jan. 8 Purchased merchandise for resale on account. The invoice amount was $14,830; assume a perpetual inventory system. 17 Paid January 8 invoice. Apr. 1 Borrowed $42,000 from National Bank tor general une; signed a 12-month, 64 annual interest-bearing note for the money. June 3 Purchased merchandise for resale on account. The invoice amount was $17, 220. July 5 Paid June 3 invoice Aug. 1 Rented office space in one of Roger's building to another company and collected six months' rent in advance amounting to $27.000. Dec.20 Received a $150 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. 31 Determined wages of $10,400 were earned but not yet paid on December 31 (disregard payroll taxes). P9-2 Part 2 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.) View transaction list Journal entry worksheet
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