Prepaid rent was debited at the time of payment. On August 1,2024 , collected $18,000 in advance rent from another company that is $18.000 represents one year's rent and the entire amount was credited to deferred re 4. Depreciation on office equipment is $6,500 for the year. 5. Vacation pay for the year that had been earned by employees but not paid to them or vacation pay as salaries expense. 6. Microchip began the year with $4.000 in its asset account, supplies. During the year, $ : debited to supplies. At year-end, supplies costing $4,250 remain on hand. Required: Prepare the necessary adjusting entries at December 31, 2024 for each of the above situat were prepared during the year and no adjusting entries were recorded. Note: If no entry is required for a transactlon/event, select "No journal entry required" in Journal entry worksheet On October 1, 2024, Microchip lent $99,000 to another company. A note was signed with principal and 10% interest to be paid on September 30,2025. Prepare the necessary adjusting entry on December 31, 2024. Note: Enter debits before credits. Prepaid rent was debited at the time of payment. On August 1,2024 , collected $18,000 in advance rent from another company that is $18.000 represents one year's rent and the entire amount was credited to deferred re 4. Depreciation on office equipment is $6,500 for the year. 5. Vacation pay for the year that had been earned by employees but not paid to them or vacation pay as salaries expense. 6. Microchip began the year with $4.000 in its asset account, supplies. During the year, $ : debited to supplies. At year-end, supplies costing $4,250 remain on hand. Required: Prepare the necessary adjusting entries at December 31, 2024 for each of the above situat were prepared during the year and no adjusting entries were recorded. Note: If no entry is required for a transactlon/event, select "No journal entry required" in Journal entry worksheet On October 1, 2024, Microchip lent $99,000 to another company. A note was signed with principal and 10% interest to be paid on September 30,2025. Prepare the necessary adjusting entry on December 31, 2024. Note: Enter debits before credits