The following transactions occurred for the Microchip Company. On October $1,2024,$ Microchip lent $$84,000$ to another company. A note was signed with principal and $10\%$ interest to be paid on September $30,2025.$On November $1,2024,$ the company paid its landlord $$7,500$ representing rent for the months of November through January. Prepaid rent was debited at the time of payment.On August $1,2024,$ collected $$13,500$ in advance rent from another company that is renting a portion of Microchips factory. The $$13,500$ represents one years rent and the entire amount was credited to deferred rent revenue at the time cash was received. Depreciation on office equipment is $$5,000$ for the year. Vacation pay for the year that had been earned by employees but not paid to them or recorded is $$8,500.$ The company records vacation pay as salaries expense.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.Required: Prepare the necessary adjusting entries at December $31,2024$ for each of the above situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded.