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opper Ldw Selv yeridildWill her He Polly Cor year Information necessary to prepare the year-end adjusting entries appears below. 1. On October 1, 2021, Grasshopper
opper Ldw Selv yeridildWill her He Polly Cor year Information necessary to prepare the year-end adjusting entries appears below. 1. On October 1, 2021, Grasshopper lent $130,000 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 $28,500 representing rent for the months of November through January Prepaid Rent was debited for the entire amount. 3. On August 1, 2021, Grasshopper collected $33,000 in advance rent from another company that is renting a portion of Grasshopper's building The $33,000 represents one year's rent, and the entire amount was credited to Deferred Revenue. 4. Depreciation for the year is $25,000. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $15,000. The company records vacation pay as Salaries Expense. 6. Grasshopper began the year with $31000 in its Supplies account. During the year $69,000 in supplies were purchased and debited to the Supplies account. At year-end, supplies costing $29,000 remain on hand Required: Prepare the necessary adjusting entries on December 31, 2021. (Do not round Intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 1 2 3 4 5 6
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