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help 1-6 5 Chuck Grasshopper Lawn Service provides general lawn maintenance to customers. The company's fiscal year-endis December 31 Information necessary to prepare the yearend
help 1-6
5 Chuck Grasshopper Lawn Service provides general lawn maintenance to customers. The company's fiscal year-endis December 31 Information necessary to prepare the yearend adjusting entries appears below 15 points 05223 1. On October 1, 2021. Grasshopper lent $80,000 to another company. A note was signed with principal and interest to be paid on September 30, 2022 2. On November 1 2021, the company paid its landlord $13.500 representing rent for the months of November through January Prepaid Rent was debited for the entire amount 3. On August 1, 2021, Grasshopper collected $18,000 in advance rent from another company that is renting a portion of Grasshopper's building. The $18.000 represents one year's rent and the entire amount was credited to Deferred Revenue 4. Depreciation for the year is $20,000. S. Salaries for the year that had been earned by employees but not paid to them or recorded is 510.000 6 Grasshopper began the year with $21000 in its Supplies account. During the year 564.000 in supplies were purchased and doned to the Supplies account. At year-end supplies costing $24.000 remain on hand References Required: Prepare the necessary adjusting entries on December 31, 2021 (Do not round intermediate calculations. I no entry is required for particular transaction/event, select "No Journal Entry Required in the first account field) View transaction lit Journal entry worksheet 5 5 Apote 5 WW to the Supplies account. At year and supplies conting $24.000 remain on hand 15 no muze Required: Prepare the necessary adjusting entries on December 3 2021 (De not round intermediate calculations. If no anty is required for a particular transaction/event, select "No Journal Entry Required in the first account feld) View transaction Journal entry worksheet 4 > to On October 1, 2021, Grasshopper lent 580,000 to another companyA note was signed with principal and interest to be paid on Septehber 30, 2022 Record the asting entry for interest at its year-end of December 31 ettere De December 3 rest Rate Hevenue D 12 View general Hardy Step by Step Solution
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