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Required: Record the necessary adjusting entries at December 31, 2024, for Hurricane Company for each of the situations. Assume that no financial statements were prepared
Required: Record the necessary adjusting entries at December 31, 2024, for Hurricane Company for each of the situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 2 Date December 31 3 Record entry 4 5 On October 1, 2024, Hurricane lent $8,100 to another company. The other company signed a note indicating principal and 12% interest will be paid to Hurricane on September 30, 2025. Record the adjusting entry for interest at its year-end of December 31. Note: Enter debits before credits. General Journal 6 Clear entry Debit Credit View general journal
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