Grasshopper Lawn Service provides general lawn maintenance to customers. The companys fiscal year-end is December 31. Information necessary to prepare the year-end adjusting entries appears below.

1. On October 1, 2021, Grasshopper lent $75,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022.
2. On November 1, 2021, the company paid its landlord $12,000 representing rent for the months of November through January. Prepaid Rent was debited for the entire amount.
3. On August 1, 2021, Grasshopper collected $16,500 in advance rent from another company that is renting a portion of Grasshoppers building. The $16,500 represents one years rent, and the entire amount was credited to Deferred Revenue.
4. Depreciation for the year is $19,500.
5. Salaries for the year that had been earned by employees but not paid to them or recorded is $9,500.
6. Grasshopper began the year with $20,000 in its Supplies account. During the year $63,500 in supplies were purchased and debited to the Supplies account. At year-end,supplies costing $23,500 remain on hand.

Journal entry worksheet 1 2 3 4 5 6 On October 1, 2021, Grasshopper lent $75,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022 Record the adjusting entry for interest at its year-end of December 31 Note: Enter debits before credits. Date General Journal Debit Credit December 31 : Record entry Clear entry View general journal On November 1, 2021, the company paid its landlord $12,000 representing rent for the months of November through January. Prepaid Rent was debited for the entire amount. Record the adjusting entry for rent at its year-end of December 31 Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal On August 1, 2021, Grasshopper collected $16,500 in advance rent from another company that is renting a portion of Grasshopper's building. The $16,500 represents one year's rent, and the entire amount was credited to Deferred Revenue. Record the adjusting entry for deferred revenue at its year- Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Depreciation for the year is $19,500. Record the adjusting entry for depreciation at its year-end of December 31 Note: Enter debits before credits. Debit Date General Journal Credit December 31 Record entry View general journal Clear entry Vacation pay for the year that had been earned by employees but not paid to them or recorded is $9,500. The company records vacation pay as Salaries Expense. Record the adjusting entry for vacation pay at its year-end of December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 View general journal Record entry Clear entry Grasshopper began the year with $20,000 in its Supplies account. During the year $63,500 in supplies were purchased and debited to the Supplies account. At year-end,supplies costing $23,500 remain on hand. Record the adjusting entry for supplies at its year-end of December 31 Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal