Johnstone Controls had the following situations on December 2016.

1.	On March 31, 2016, the company lent $58,000 to another company. A note was signed with principal and interest at 4% payable on March 31, 2017.

2.	On September 30, 2016, the company paid its landlord $20,400 representing rent for the period September 30, 2016, to September 30, 2017.

3.	Supplies on hand at the end of 2015 totaled $1,440. Additional supplies costing $3,440 were purchased during 2016 and debited to the supplies account. At the end of 2016, supplies costing $940 remain on hand.

4.	Vacation pay of $2,880 for the year that had been earned by employees was not paid or recorded. The company records vacation pay as salaries and wages expense.