Below are transactions for Hurricane Company during 2018. Record the necessary adjusting entries at December 31, 2018. for Hurricane Company for each of the situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. On October 1, 2018. Hurricane lends $9,000 to another company. The other company signs a note indicating principal and 12% interest will be paid to Hurricane on September 30, 2019 Interest Calculation Date Account DR CR Principal 12/31/18 Interest Rate Monthly Interest Rate Interest Expense On November 1, 2018, Hurricane pays its landlord 54,500 representing rent for the months of November through January. The payment is debited to Prepaid Rent for the entire amount Rent Calculation Date Account DR CR Prepaid Rent 12/31/18 Months Prepaid Monthly Rent Total Rental Expense On August 1, 2018, Hurricane collects $13,200 in advance from another company that is renting a portion of Hurricane's factory. The $13.200 represents one year's rent and the entire amount is credited to Deferred Revenue Rent Calculation Date Account DR CR Prepaid Rent Received 12/31/18 Months Prepaid Monthly Rent Total Rental Revenue Purchased Machinery on January 1, 2018 for $58.000. The machinery is expected to have a 10 year life and a salvage value of $3,000 Depreciation Calculation Date Account DR CR Cost 12/31/18 Salvage Value Amount to be depreciated Annual Expense Salaries for the year earned by employees but not paid to them or recorded are 55,00 Date Account DR CR 12/31/18 Hurricane begins the year with S1.500 in supplies. During the year, the company purchases $5,500 in supplies and debits that amount to Supplies. At year-end, supplies costing 53,500 remain on hand Supplies Expense Calculation Date Account DR Beginning Supplies 12/31/18 Purchases Ending Balance Supplies Expense CR