The information necessary for preparing the December 31, 2021 year-end adjusting entries for Vito's Pizza Parlor appears below. Vito's fiscal year-end is December 31. a. On July 1, 2021, purchased $17,500 of IBM Corporation bonds at face value. The bonds pay interest twice a year on January 1 and July 1. The annual interest rate is 10%. b. Vito's depreciable equipment has a cost of $7,500, a five-year life, and no salvage value. The equipment was purchased in 2019. The straight-line depreciation method is used. c. On November 1, 2021, the bar area was leased to Jack Donaldson for one year. Vito's received $7,500 representing the first six months' rent and credited deferred rent revenue. d. On April 1, 2021, the company paid $1,800 for a two-year fire and liability insurance policy and debited insurance expense. e. On October 1, 2021, the company borrowed $15,000 from a local bank and signed a note. Principal and interest at 10% will be paid on September 30, 2022. f. At year-end, there is a $1,400 debit balance in the supplies (asset) account. Only $650 of supplies remain on hand. Journal entry worksheet On November 1, 2021, the bar area was leased to Jack Donaldson for one year. Vito's received $7,500 representing the first six months' rent and credited deferred rent revenue. Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 5 6 On April 1, 2021, the company paid $1,800 for a two-year fire and liability insurance policy and debited insurance expense. Note: Enter debits before credits. General Journal Debit Credit Transaction d. Record entry Clear entry View general journal Journal entry worksheet On October 1, 2021, the company borrowed $15,000 from a local bank and signed a note. Principal and interest at 10% will be paid on September 30, 2022. Note: Enter debits before credits. Transaction General Journal Debit Credit e. Record entry Clear entry View general journal