Prepare the necessary adjusting entries for Tech-Magic Controls at the end of its December 31, 2024, fiscal year-end for each of the following situations. No adjusting entries were recorded during the year.

A. On March 31, 2024, the company lent $60,000 to another company. A note was signed with principal and interest at 8% payable on March 31, 2025.

B. On September 30, 2024, the company paid its landlord $24,000 representing rent for the period September 30, 2024, to September 30, 2025. Tech-Magic Controls debited prepaid rent at the time the rent was paid.

C. Supplies on hand at the end of 2023 (previous year) totaled $5,000. Additional supplies costing $9,000 were purchased during 2024 and debited to the supplies account. At the end of 2024, supplies costing $6,600 remain on hand.