wing situations during the current year. ent year, the company lent $80,000 to another company. A note was sign 0 of the following year. e current year, the company borrowed $90,000 from the bank and issuec on March 12 of the following year. he end of the previous year totaled $4,000. Additional supplies costing $7, ited to the supplies account. At the end of the current year, supplies costing 00 for the year that had been earned by employees was not paid or recorc ies expense. usting entries for Meng Systems at the end of its December 31 fiscal year-en tries were recorded during the year. New Tab button to launch this question. use the Save and Return to Assignment button in the lower right to return to fx=EE10265/365 A B C D E F each of the following situations. No adjusting entries were recorded during the year. Note: Use 12 months per year for all interest calculations 1. On April 10 of the current year, Meng Systems lent funds to another company. The details of the note follow: Note dated Principal Interest rate Principal and interest due Number of months' interest to accrue April 10, 2023 $80,000 8% April 9, 2024 2. On November 12 of the current year, the company borrowed funds from the bank. Details of the note follow: Note dated November 12,2023 Principal and interest to be paid March 11, 2024 Drincinal sanmn Graded Worksheet On November 12 of the current year, the company borrowed funds from the bank. Details af tha nnta fallow: Meng Systems had the following situations during the current 1. On April 10 of the current year, the company lent $80,0 8% payable on April 10 of the following year. 2. On November 12 of the current year, the company borro and interest payable on March 12 of the following year. 3. Supplies on hand at the end of the previous year totalec current year and debited to the supplies account. At the 4. Vacation pay of $14,000 for the year that had been earn vacation pay as salaries expense. Required: Prepare the necessary adjusting entries for Meng Systems at situations. No adjusting entries were recorded during the year Navigation: 1. Use the Open Excel in New Tab button to launch this quest 2. When finished in Excel, use the Save and Return to Assign Meng Systems had the following situations during the current year. 1. On April 10 of the current year, the company lent $80,000 to another company. A note was signed with principal and interestat 8% payable on April 10 of the following year. 2. On November 12 of the current year, the company borrowed $90,000 from the bank and issued a 120 -day, 7% note with principal and interest payable on March 12 of the following year. 3. Supplies on hand at the end of the previous year totaled $4,000. Additional supplies costing $7,200 were purchased during the current year and debited to the supplies account. At the end of the current year, supplies costing $2,400 remain on hand. 4. Vacation pay of $14,000 for the year that had been earned by empioyees was not paid or recorded. The company fecords vacation pay as salaries expense. Required: Required: Prepare the necessary adjusting entries for Meng Systems at the end of is December 31 fiscal year-end for each of the above situations. No adjusting entries were recorded during the year. Novigetion: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Sove and Return to Assignment button in the lower tight to return to Connect. the current year. lent $80,000 to another company. A note was signed with principal and interest at mpany borrowed $90,000 from the bank and issued a 120-day, 7% note with principal bwing year. year totaled $4,000. Additional supplies costing $7,200 were purchased during the count. At the end of the current year, supplies costing $2,400 remain on hand. d been earned by employees was not paid or recorded. The company records g Systems at the end of its December 31 fiscal year-end for each of the above uring the year. inch this question. turn to Assignment button in the lower right to return to Connect. wing situations during the current year. ent year, the company lent $80,000 to another company. A note was sign 0 of the following year. e current year, the company borrowed $90,000 from the bank and issuec on March 12 of the following year. he end of the previous year totaled $4,000. Additional supplies costing $7, ited to the supplies account. At the end of the current year, supplies costing 00 for the year that had been earned by employees was not paid or recorc ies expense. usting entries for Meng Systems at the end of its December 31 fiscal year-en tries were recorded during the year. New Tab button to launch this question. use the Save and Return to Assignment button in the lower right to return to fx=EE10265/365 A B C D E F each of the following situations. No adjusting entries were recorded during the year. Note: Use 12 months per year for all interest calculations 1. On April 10 of the current year, Meng Systems lent funds to another company. The details of the note follow: Note dated Principal Interest rate Principal and interest due Number of months' interest to accrue April 10, 2023 $80,000 8% April 9, 2024 2. On November 12 of the current year, the company borrowed funds from the bank. Details of the note follow: Note dated November 12,2023 Principal and interest to be paid March 11, 2024 Drincinal sanmn Graded Worksheet On November 12 of the current year, the company borrowed funds from the bank. Details af tha nnta fallow: Meng Systems had the following situations during the current 1. On April 10 of the current year, the company lent $80,0 8% payable on April 10 of the following year. 2. On November 12 of the current year, the company borro and interest payable on March 12 of the following year. 3. Supplies on hand at the end of the previous year totalec current year and debited to the supplies account. At the 4. Vacation pay of $14,000 for the year that had been earn vacation pay as salaries expense. Required: Prepare the necessary adjusting entries for Meng Systems at situations. No adjusting entries were recorded during the year Navigation: 1. Use the Open Excel in New Tab button to launch this quest 2. When finished in Excel, use the Save and Return to Assign Meng Systems had the following situations during the current year. 1. On April 10 of the current year, the company lent $80,000 to another company. A note was signed with principal and interestat 8% payable on April 10 of the following year. 2. On November 12 of the current year, the company borrowed $90,000 from the bank and issued a 120 -day, 7% note with principal and interest payable on March 12 of the following year. 3. Supplies on hand at the end of the previous year totaled $4,000. Additional supplies costing $7,200 were purchased during the current year and debited to the supplies account. At the end of the current year, supplies costing $2,400 remain on hand. 4. Vacation pay of $14,000 for the year that had been earned by empioyees was not paid or recorded. The company fecords vacation pay as salaries expense. Required: Required: Prepare the necessary adjusting entries for Meng Systems at the end of is December 31 fiscal year-end for each of the above situations. No adjusting entries were recorded during the year. Novigetion: 1. Use the Open Excel in New Tab button to launch this question. 2. When finished in Excel, use the Sove and Return to Assignment button in the lower tight to return to Connect. the current year. lent $80,000 to another company. A note was signed with principal and interest at mpany borrowed $90,000 from the bank and issued a 120-day, 7% note with principal bwing year. year totaled $4,000. Additional supplies costing $7,200 were purchased during the count. At the end of the current year, supplies costing $2,400 remain on hand. d been earned by employees was not paid or recorded. The company records g Systems at the end of its December 31 fiscal year-end for each of the above uring the year. inch this question. turn to Assignment button in the lower right to return to Connect