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Roger Company completed the following transactions during Year 1. Rogers fiscal year ends on December 31.
| Jan. | 8 | | Purchased merchandise for resale on account. The invoice amount was $14,780; assume a perpetual inventory system. |
| | 17 | | Paid January 8 invoice. |
| Apr. | 1 | | Borrowed $54,000 from National Bank for general use; signed a 12-month, 10% annual interest-bearing note for the money. |
| June | 3 | | Purchased merchandise for resale on account. The invoice amount was $17,420. |
| July | 5 | | Paid June 3 invoice. |
| Aug. | 1 | | Rented office space in one of Rogers buildings to another company and collected six months rent in advance amounting to $6,000. |
| Dec. | 20 | | Received a $180 deposit from a customer as a guarantee to return a trailer borrowed for 30 days. |
| | 31 | | Determined wages of $9,200 were earned but not yet paid on December 31 (disregard payroll taxes). |
Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31.
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