Hentzel Landscaping commenced its business on January $1,20$X$1.$

During its first year of operations, Hentzel purchased supplies in the amount of $$12,000($debited to Supplies inventory$),$ and of this amount, $$3,000$ were unused as of December $31,20$X$1.$

On March $1,20$X$1,$ Hentzel received $$18,000$ for landscaping services to be rendered for $18$ months $($beginning July $1,20$X$1).$ This amount was credited to a liability called Deferred landscaping revenue.

The company$$s gasoline bill for $$2,500$ for the month of December $20$X$1$ was not received until January $15,20$X$2.$ No entry was made.

The company borrowed $$50,000$ from HomeTown Financing on April $1,20$X$1,$ at a $5\%$ interest rate per annum. It credited a liability for notes payable. The principal, along with all the interest, is due on April $1,20$X$2.$

On January $1,20$X$1,$ the company purchased $10$ lawnmowers at $$3,000$ each. It debited fixed assets. The lawnmowers are expected to last for three years with no salvage value.

On December $31,20$X$1,$ Hentzel did not record any adjusting entries with respect to these transactions.

Required:

Prepare all adjusting entries necessary to prepare financial statements for $20$X$1$ in accordance with U$.$S$.$ GAAP. Ignore income taxes. $($If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.$)$