The following transactions occurred for the Microchip Company 1. On October 1.2021. Microchip lent $84,000 to another company. A note was signed with principal and 10% interest to be paid on September 30, 2022 2. On November 1, 2021, the company paid its landlord $7,500 representing rent for the months of November through January Prepaid rent was debited 3. On August 1, 2021, collected $13,500 in advance rent from another company that is renting a portion of Microchip's factory. The $13,500 represents one year's rent and the entire amount was credited to deferred rent revenue. 4. Depreciation on office equipment is $5,000 for the year. 5. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $8.500. The company records vacation pay as salaries expense. 6. Microchip began the year with $2,500 in its asset account supplies. During the year, $7.000 in supplies were purchased and debited to supplies At year-end, supplies costing $3,500 remain on hand Prepare the necessary adjusting entries at December 31, 2021 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.) Answer is complete but not entirely correct. Notes receivable Cash 84,000 84,000 2 7,500 Prepaid rent Cash 7,500 3 3 x Cash 13,500 Rent revenue 13,500 4 4 5.000 Depreciation expense Accumulated depreciation 5,000 8.500 5 5 Salaries expense Salaries expense X 8,500 6.000 6 6 Supplies expense Supplies 6,000