Comprehensive Problem 1 - Part 1 Horne Company owns the followinq plant, property, and equipment as of January 1,2023 : Record all necessary entries related to the following transactions that occurred for Horne Company in 2023. July 1 - Sold the equipment for $200,000. September 1 - Borrowed $100,000 from 9/10 Bank on a 9 month, 9% note. Interest is payable at maturity. December 1 - Received $3,000 in cash from another company that is renting office space in Horne's building. The payment represents rent for December, January, and February. NOTE: This income is peripheral to the operations of Horne Company. December 31 - Record necessary adjusting entries. Journal entry worksheet 5 July 1 - Sold equipment for $200,000. Update the equipment depreciation. Note: Enter debits before credits. Journal entry worksheet 567 July 1 - Sold equipment for $200,000. Record the sale of the equipment. Note: Enter debits before credits. Journal entry worksheet 567 September 1 - Borrowed $100,000 from 9/10 Bank on a 9 month, 9% note. Interest is payable at maturity. Note: Enter debits before credits. Journal entry worksheet December 1 - Received $3,000 in cash from Nall Company who is renting space in Horne's building. The payment represents rent for December, January, and February. Note: Enter debits before credits. Journal entry worksheet 1 23 7 December 31 - Record any necessary adjustment for depreciation. Note: Enter debits before credits. Journal entry worksheet 1 23 7 December 31 - Record any necessary adjustment for depreciation. Note: Enter debits before credits. Journal entry worksheet 2 3 4 5 7 December 31 - Record any necessary adjustment for interest. Note: Enter debits before credits. Journal entry worksheet 1 (2) 3 4 5 6 December 31 - Record any necessary adjustment for rent earned. Note: Enter debits before credits