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if you could help me with #3 please. thank you The following transactions occurred during December 31, 2021, for the Microchip Company. 1. On October

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The following transactions occurred during December 31, 2021, for the Microchip Company. 1. On October 1, 2021, Microchip lent $87,000 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 $8,400 representing rent for the months of November through January. Prepaid rent was debited. 3. On August 1, 2021, collected $14,400 in advance rent from another company that is renting a portion of Microchip's factory. The $14,400 represents one year's rent and the entire amount was credited to deferred rent revenue. View transaction list Journal entry worksheet

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