Leapfrog Lawn Service provides general lawn maintenance to customers. The company's fiscal year-end is December 31. Information necessary to prepare the year-end adjusting entries appears below.

1. On October 1, 2024, Leapfrog lent $70,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2025.
2. On November 1, 2024, the company paid its landlord $10,500 representing rent for the months of November through January. Prepaid Rent was debited for the entire amount.
3. On August 1, 2024, Leapfrog collected $15,000 in advance rent from another company that is renting a portion of Leapfrog's building. The $15,000 represents one year's rent, and the entire amount was credited to Deferred Revenue.
4. Depreciation for the year is $19,000.
5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $9,000. The company records vacation pay as Salaries Expense.

5. Leapfrog began the year with $19,000 in its Supplies account. During the year $63,000 in supplies were purchased and debited to the Supplies account. At year-end,supplies costing $23,000 remain on hand.

equired:

epare the necessary adjusting entries on December 31, 2024. (Do not round intermediate calculations. If no entry is required for a rticular transaction/event, select "No Journal Entry Required" in the first account field.)

Leapfrog Lown Service provldes general lawn maintenance to customers. The comparny's fiscal year-end is Decernber 31 . Information necessary to prepare the year-end adjusting entries appears below. 1. On October 1, 2024. Leapfrog lent $70,000 to another company. A note was signed with principal and 8 interest to be paid on September 30,2025 . 2. On November 1, 2024, the company paid its landiord $10,500 representing rent for the months of November through January. Prepaid Rent was debited for the entire amount. 3. On August 1, 2024, Leapfrog collected $15,000 in advance rent from another company that is renting a portion of Leapfrog's bullding. The $15,000 represents one year's rent, and the entire amount was credited to Deferred Revenue. 4. Depreciation for the year is $19,000. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $9,000. The company records vacation pay as Salaries Expense. 5. Leapfrog began the year with $19,000 in its $ upplies account. During the year $63,000 in supplies were purchased and debited to the Supplies account. At year-end,supplies costing $23,000 remain on hand. quired: epare the necessary adjusting entries on December 31, 2024. (Do not round intermediate calculations. If no entry is required for a rticular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 23456 On October 1, 2024, Leapfrog lent $70,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2025. Record the adjusting entry for Interest at its year-end of December 31 . Pequlred: Prepare the necessary ndjusting entries on December 31, 2024, (Do not round intermediate calculations. H no entry is required for a perticular trensection/event, select "No Journal Entry Required" In the first account field.) Journal entry worksheet 23456 On October 1, 2024, Leapfrog lent $70,000 to another company. A note was signed whth prindipal anc 8% Interest to be pald on September 30,2025. Record the adfusting entry for interest at its year-end of December 31. Noter Enter debits before credits