Below are transactions for Hurricane Company during 2021. 1. On October 1, 2021, Hurricane lends $7,900 to another company. The other company signs a note indicating principal and 8% Interest will be paid to Hurricane on September 30, 2022. 2. On November 1, 2021, Hurricane pays its landlord $2,850 representing rent for the months of November through January. The payment is debited to Prepaid Rent for the entire amount. 3. On August 1, 2021, Hurricane collects $11,880 in advance from another company that is renting a portion of Hurricane's factory, The $11,880 represents one year's rent and the entire amount is credited to Deferred Revenue. 4. Depreciation on machinery is $4,400 for the year. 5. Salaries for the year earned by employees but not paid to them or recorded are $3,900. 6. Hurricane begins the year with $950 in supplies. During the year, the company purchases $4.400 in supplies and debits that amount to Supplies. At year-end, supplies costing $2,400 remain on hand. Required: Record the necessary adjusting entries at December 31, 2021, for Hurricane Company for each of the situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 3 4 5 6 > On October 1, 2021, Hurricane lends $7,900 to another company. The other company signs a note Indicating principal and 8% Interest will be paid to Hurricane on September 30, 2022. Record the adjusting entry for interest at Its year-end of December 31. Note: Enter debits before credits Dato General Journal Dobit Credit December 31 Record entry Clear entry View general Journal Prev 4 of 7 fi! Next > View transaction list Journal entry worksheet Journal entry worksheet 1 2 4 5 6 On August 1, 2021, Hurricane collects $11,880 in advance from another company that is renting a portion of Hurricane's factory. The $11,880 represents one year's rent and the entire amount is credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year-end of Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet 17 Ald. Do not round Intermediate calculations.) View transaction list Journal entry worksheet Journal entry worksheet 2 3 4 5 Hurricane begins the year with $950 in supplies. During the year, the company purchases $4,400 in supplies and debits that amount to Supplies. At year-end, supplies costing $2,400 remain on hand. Record the adjusting entry for supplies at its year-end of December 31. Note: Enter debits before credits Date General Journal Dobit Credit December 31 Record entry Clear entry Vlow general journal MacBook Pro
