The following transactions occurred for the Microchip Company.

On October $1,2024,$ Microchip lent $$80,000$ to another company. A note was signed with principal and $6\%$ interest to be paid on September $30,2025.$

On November $1,2024,$ the company paid its landlord $$6,300$ representing rent for the months of November through January. Prepaid rent was debited at the time of payment.

On August $1,2024,$ collected $$12,300$ in advance rent from another company that is renting a portion of Microchip$$s factory. The $$12,300$ represents one year$$s rent and the entire amount was credited to deferred rent revenue at the time cash was received.

Depreciation on office equipment is $$4,600$ for the year.

Vacation pay for the year that had been earned by employees but not paid to them or recorded is $$8,100.$ The company records vacation pay as salaries expense.

Microchip began the year with $$2,100$ in its asset account, supplies. During the year, $$6,600$ in supplies were purchased and debited to supplies. At year$-$end, supplies costing $$3,300$ remain on hand.