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A company had the following situations during the current year. On March 3 1 of the current year, the company lent $ 5 8 ,
A company had the following situations during the current year.
On March of the current year, the company lent $ to another company. A note was signed with principal and interest at payable on March of next year.
On September of the current year, the company paid its landlord $ representing rent for the period of September of the current year through September of next year. The company debited prepaid rent at the time the rent was paid.
Supplies on hand at the end of the previous year totaled $ Additional supplies costing $ were purchased during the current year and debited to the supplies account. At the end of the current year, supplies costing $ remain on hand.
Vacation pay of $ for the year that had been earned by employees was not paid or recorded. The company records vacation pay as salaries expense.
Prepare the necessary adjusting entries for the company at the end of its December fiscal yearend for the current year for each of the above situations. No adjusting entries were recorded during the year.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field. Do not round intermediate calculations. Round final answer to whole dollars.
Journal entry worksheet
On March of the current year, the company lent $ to another company. A note was signed with principal and interest at payable on March of next year.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
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