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Meng Systems had the followng situotions during the curtent year: 1. On April 10 of the current year, the company lent $80,000 to another compony. A note was signed wath pincipal and intervet at 8% payable on April 10 of the following year. and interest payable on March 12 of the following year. 3. Supplies on hand at the end of the previous yeor totaled $4,000 Additional supplies costong $7200 were purchased duning the current year and debited to the supplies account. At the end of the current yeac, bupples coiting $2.400 remain on hand 4. Vacation pay of $14,000 for the year that hod been earned by employees was not pald or iecorded. The company feciras vacation pay as salaries expense. Requlred: Prepore the necessory odjusting entres for Meng systems at the end of its December 31 fiscal yeor end far poch of une above situations. No adjusting entrles were recorded during the year. Novigetion: 1. Use the Open Excel in New Tab button to launch this question 2 When finished in Excel, use the Sove and Retum to Assignment bunion in the lowet right to keturn to Conned: 4. Vacation pay for the year that had been earned by employees was not paid or recorded. The company records vacation pay as salaries expense