P 9-3: Determining Financial Effects of Transactions Affecting Current Liabilities with Discussion of Cash Flow Effects. January 8th – Purchased merchandise for resale on account at an invoice cost of $14,860; assume a periodic inventory system. January 17th – Paid January 8th invoice. April 1st – Borrowed $35,000 from Sizwe Bank for general use; executed a 12 month, 12 percent interest-bearing note payable. June 3rd – Purchased merchandise for resale on account at an invoice cost of $17,420. June 5th – Paid June 3rd invoice. August 1st – Rented a small office in a building owned by the company and collected six months rent in advance amounting to $6,000. (Record the collection in a way that will not require an adjusting entry at year-end). December 20th – Received a $100 deposit from a customer as a guarantee to return a large trailer “borrowed” for 30 days. December 31st – Determined wages of $9,500 earned but not yet paid on December 31 (disregard payroll taxes). Using the data above, complete the following requirements. Required: 1. For each transaction (including adjusting entries) listed in the previous problem, indicate the effects (e.g. cash + or -), using the following schedule: Date Assets Liabilities Stockholders’ Equity 2. For each transaction, state whether cash flow from operating activities is increased, decreased, or remains the same.