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Johnstone Controls had the following situations on December 2021. 1. On March 31, 2021, the company lent $58,000 to another company. A note was signed

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Johnstone Controls had the following situations on December 2021. 1. On March 31, 2021, the company lent $58,000 to another company. A note was signed with principal and interest at 6% payable on March 31, 2022. 2. On September 30, 2021, the company paid its landlord $8,000 representing rent for the period September 30, 2021, to September 30, 2022. Johnstone debited prepaid rent 3. Supplies on hand at the end of 2020 totaled $2,480. Additional supplies costing $3,780 were purchased during 2021 and debited to the supplies account. At the end of 2021, supplies costing $1,680 remain on hand. 4. Vacation pay of $7,440 for the year that had been earned by employees was not paid or recorded. The company records vacation pay as salaries expense

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