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Leapfrog Lawn Service provides general iown maintenance to customeds. The compary's fiscal year end is December 31 information necessary to prepare the year-end adjusting entries

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Leapfrog Lawn Service provides general iown maintenance to customeds. The compary's fiscal year end is December 31 information necessary to prepare the year-end adjusting entries acoears below 1. On October 1. 2024, Leapfrog lent 570.000 to snothet company. A note was signea with principal and 8% interest to be paid on September 30,2025 : 2. On November 1. 2024, the company paid its landiord $10,500 tepresenting rent for the months of November trrough January. Prepaid feent was debited for the entire amount. 3.On August 1. 2024 . Lespfrog coliected $15.000 in actvance tent from another company thot is renting o portion of Leapfiog's bullding. The 515.000 fepresents one yeors rent, and the enaire amount was creaited to Deferred Revenue. 4. Depreciation for the year is 510000 5. Vacabon poy for the year that had been earned by employees but not paid to them oc recorded is 59.000. The company recoras vocotion poy as Saliartes Expente. 6. Leaptreg began the year with. 519,000 in its 5 uppees account. During the year 563,000 in supplies were purchassa arid debited to the Supples account At yerar endsupplies cosung $23,000 remain on nand

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