Question: Exercise 3-13 Record year-end adjusting entries [LO3] Below are transactions for Hurricane Company during 2012. a. On October 1, 2012, Hurricane lends $8,000 to another

Exercise 3-13 Record year-end adjusting entries [LO3] Below are transactions for Hurricane Company during 2012. a. On October 1, 2012, Hurricane lends $8,000 to another company. The other company signs a note indicating principal and 8% interest will be paid to Hurricane on September 30, 2013. b. On November 1, 2012, Hurricane pays its landlord $3,000 representing rent for the months of November through January. The payment is debited to Prepaid Rent for the entire amount. c. On August 1, 2012, Hurricane collects $15,600 in advance from another company that is renting a portion of Hurricane

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