O Required information P9-2 (Algo) Recording and Reporting Current Liabilities with Discussion of Cash Flow Effects LO9-1, 9-5 [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 Horrowed 542,000 from National Bank for general use; oigned a 12-month, 6t 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 quarantee to return a trailer borrowed for 30 days. 31 Determined vages of $10,400 were earned but not yet paid on December 31 (disregard payroll taxes). P9-2 Part 3 3. Show how all of the abilities arising from these transactions are reported on the balance sheet at December 31 ROGER COMPANY Balance Sheet (Partial) As of December 31 Current liabilities Note payable, short term $ 42,000 Deposit on trailer Wages payable Interest payable Deferred rent revenue Total $ 42,000