The following transactions occurred during December 31, 2021, for the Microchip Company. 1. On October 1, 2021, Microchip lent $86,000 to another company. A note was signed with principal and 7% interest to be paid on September 30, 2022 2. On November 1, 2021, the company paid its landlord $8,100 representing rent for the months of November through January. Prepaid rent was debited. 3. On August 1, 2021, collected $14,100 in advance rent from another company that is renting a portion of Microchip's factory. The $14,100 represents one year's rent and the entire amount was credited to deferred rent revenue. 4. Depreciation on office equipment is $5,200 for the year. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $8,700. The company records vacation pay as salaries expense. 6. Microchip began the year with $2,700 in its asset account, supplies. During the year, $7,200 in supplies were purchased and debited to supplies. At year-end, supplies costing $3,600 remain on hand. Prepare the necessary adjusting entries for each of the above situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet On October 1, 2021, Microchip lent $86,000 to another company. A note was signed with principal and 7% interest to be paid on September 30, 2022. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 View transaction list Journal entry worksheet On August 1, 2021, collected $14,100 in advance rent for one year. Deferred rent revenue was credited for the entire amount. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal View transaction list Journal entry worksheet Depreciation on office equipment is $5,200 for the year. Note: Enter debits before credits. Transaction General Journal Debit Credit 4 Record entry Clear entry View general journal View transaction list Journal entry worksheet 1 2 3 4 5 6 > Vacation pay for the year that had been earned by employees but not paid to them or recorded is $8,700. The company records vacation pay as salaries expense. Note: Enter debits before credits. General Journal Debit Credit Transaction 5 Record entry Clear entry View general journal Journal entry worksheet