Recording and Reporting Current Liabilities and identifying Cash Flow Effects $($AP$9-2)$

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 $\backslash (\backslash$$ $14,860\backslash )$; assume a perpetual inventory system.

$17$ Paid January $8$ invoice.

Apr. $1$ Borrowed $\backslash (\backslash$$ $35,000\backslash )$ from National Bank for general use; signed a $12-$month, $8$ percent annual interest$-$bearing note for the money.

June $3$ Purchased merchandise for resale on account. The invoice amount was $\backslash$$$17,420.$

July $5$ Paid June $3$ invoice.

Aug. $1$ Rented office space in one of Roger's buildings to another company and collected six months' rent in advance amounting to $\backslash (\backslash$$ $6,000\backslash ).$

Dec. $20$ Received a $\backslash (\backslash$$ $100\backslash )$ deposit from a customer as a guarantee to return a trailer borrowed for $30$ days.

$31$ Determined wages of $\backslash (\backslash$$ $9,500\backslash )$ were earned but not yet paid on December $31($disregard payroll taxes$).$

Required:

$1.$ Prepare journal entries for each of these transactions.

$2.$ Prepare all adjusting entries required on December $31.$

$3.$ What is the total amount of liabilities arising from these transactions that will be reported on the fiscal year$-$end balance sheet?

$4.$ For each transaction state whether operating cash flows increase, decrease, or are not affected.