43 ences Problem 3-4B (Algo) Record adjusting entries (LO3-3) Leapfrog Lawn Service provides general lawn maintenance to customers. The company's fiscal year-end is December 31. Information necessary to prepare the year-end adjusting entries appears below. 1. On October 1, 2024, Leapfrog lent $85,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2025, 2. On November 1, 2024, the company paid its landlord $15,000 representing rent for the months of November through January. Prepaid Rent was debited for the entire amount. 3. On August 1, 2024, Leapfrog collected $19,500 in advance rent from another company that is renting a portion of Leapfrog's building. The $19,500 represents one year's rent, and the entire amount was credited to Deferred Revenue. 4. Depreciation for the year is $20.500. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $10,500. The company records vacation pay as Salaries Expense. 6. Leapfrog began the year with $22,000 in its Supplies account. During the year $64,500 in supplies were purchased and debited to the Supplies account. At year-end.supplies costing $24,500 remain on hand.