(Solved): Roger Company completed the following transactions during Year 1. Roger's fiscal year ends on Decem ...

Roger Company completed the following transactions during Year 1. Roger's fiscal year ends on December 31 . January 8 Purchased merchandise for resale on account. The invoice amount was $\$14,860$; assume a perpetual inventory system. January 17 Paid January 8 invoice. April 1 Borrowed $\$35,000$ from National Bank for general use; signed a 12-month, 8\$ annual interest-bearing note for the money. Purchased merchandise for resale on account. The invoice amount was $\$17,420$. $\begin{array}{ll}\text{ June }3& \text{ Purchased merchandise }\\ \text{ July }5& \text{ Paid June }3\text{ invoice. }\end{array}$ August 1 Rented office space in one of Roger's buildings to another company and collected six months ' rent in advance anounting to $\$6,000$. December 20 Received a $\$100$ deposit from a customer as a guarantee to return a trailer borrowed for 30 days. Decenber 31 Determined wages of $\$9,500$ were earned but not yet paid on Decenber 31 (disregard payroll taxes). Required: 1. For each transaction (including adjusting entries on December 31), indicate the effects (e.g., Cash + or - ), using the following schedule: Note: Indicate the direction of the effect by selecting "4" for increase, "-" for decrease from the dropdown menu.