The following transactions occurred during December 31, 2021, for the Microchip Company. 1. On October 1, 2021, Microchip lent $97,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022. 2. On November 1, 2021, the company paid its landlord $11,400 representing rent for the months of November through January. Prepaid rent was debited. 3. On August 1, 2021, collected $17,400 in advance rent from another company that is renting a portion of Microchip's factory. The $17,400 represents one year's rent and the entire amount was credited to deferred rent revenue. 4. Depreciation on office equipment is $6,300 for the year. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $9,800. The company records vacation pay as salaries expense. 6. Microchip began the year with $3,800 in its asset account, supplies. During the year, $8,300 in supplies were purchased and debited to supplies. At year-end, supplies costing $4,150 remain on hand. 1 On October 1, 2021, Microchip lent $97,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022. 2 On November 1, 2021, the company paid its landlord $11,400 representing rent for the months of November through January. Prepaid rent was debited. 3 On August 1, 2021, collected $17,400 in advance rent for one year. Deferred rent revenue was credited for the entire amount. 4 Depreciation on office equipment is $6,300 for the year. 5 Vacation pay for the year that had been earned by employees but not paid to them or recorded is $9,800