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

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Grasshopper Lawn Service provides general lawn maintenance to customers. The company's fiscal year-end is December 31 Information necessary to prepare the year-end adjusting entries appears below. 1. on October 1, 2021, Grasshopper lent $120,000 to another company. A note was signed with principal and 8% interest to be paid or 2. On November 1, 2021, the company paid its landlord $25,500 representing rent for the months of November through January 3. On August 1, 2021, Grasshopper collected $30,000 in advance rent from another company that is renting a portion of Grasshopper's building. The $30,000 represents one year's rent, and the entire amount was credited to Deferred Revenue. 4. Depreciation for the year is $24,000. 5. Salaries for the year that had been earned by employees but not paid to them or recorded is $14,000. 6. Grasshopper began the year with $29,000 in its Supplies account. During the year $68.000 in supplies were purchased and debited to the Supplies account. At year-end supplies costing $28,000 remain on hand. Required: Prepare the necessary adjusting entries on December 31, 2021. (Do not round Intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction lit Journal entry worksheet 1 3 5 > On October 1, 2021, Grasshopper lent $120,000 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 Dane General Journal December 31 Debes Credit F3 -ES

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