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Tiger Company completed the following transactions. The annual accounting period ends December 3 1 . January 3 Purchased merchandise on account at a cost of

Tiger Company completed the following transactions. The annual accounting period ends December 31.
January 3 Purchased merchandise on account at a cost of $26,000.(Assume a perpetual inventory system.)
January 27 Paid for the January 3 purchase.
April 1 Received $82,000 from Atlantic Bank after signing a 12-month, 6.0 percent promissory note.
June 13 Purchased merchandise on account at a cost of $8,400.
July 25 Paid for the June 13 purchase.
July 31 Rented out a small office in a building owned by Tiger Company and collected eight months rent in advance amounting to $8,400.
December 31 Determined wages of $14,000 were earned but not yet paid on December 31(ignore payroll taxes).
December 31 Adjusted the accounts at year-end, relating to interest.
December 31 Adjusted the accounts at year-end, relating to rent.
Required:
For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation.PB10-1(Algo) Determining Financial Effects of Transactions Affecting Current Liabilities with Evaluation
of Effects on the Debt-to-Assets Ratio [LO 10-2, LO 10-5]
Tiger Company completed the following transactions. The annual accounting period ends December 31.
January 3 Purchased merchandise on account at a cost of $26,000.(Assume a perpetual inventory system.)
January 27 Paid for the January 3 purchase.
April 1 Received $82,000 from Atlantic Bank after signing a 12-month, 6.0 percent promissory note.
June 13 Purchased merchandise on account at a cost of $8,400.
July 25 Paid for the June 13 purchase.
July 31 Rented out a small office in a building owned by Tiger Company and collected eight months' rent in advance
amounting to $8,400.
December 31 Determined wages of $14,000 were earned but not yet paid on December 31(ignore payroll taxes).
December 31 Adjusted the accounts at year-end, relating to interest.
December 31 Adjusted the accounts at year-end, relating to rent.
Required:
For each listed transaction and related adjusting entry, indicate the accounts, amounts, and effects on the accounting equation.
Complete this question by entering your answers in the tabs below.
stockholders equity with a minus sign. Enter your answers in transaction order provided in the problem statement.)
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