Q1 Has 6 distinct subsections based off the information below:

1. On October 1, 2021, Hurricane lends $7,100 to another company. The other company signs a note indicating principal and 12% interest will be paid to Hurricane on September 30, 2022.

2. On November 1, 2021, Hurricane pays its landlord $1,650 representing rent for the months of November through January. The payment is debited to Prepaid Rent for the entire amount.

3. On August 1, 2021, Hurricane collects $10,920 in advance from another company that is renting a portion of Hurricanes factory. The $10,920 represents one year's rent and the entire amount is credited to Deferred Revenue.

4. Depreciation on machinery is $3,600 for the year.

5. Salaries for the year earned by employees but not paid to them or recorded are $3,100.

6. Hurricane begins the year with $550 in supplies. During the year, the company purchases $3,600 in supplies and debits that amount to Supplies. At year-end, supplies costing $1,600 remain on hand.

Journal entry worksheet 1 2 3 4 5 6 On October 1, 2021, Hurricane lends $7,100 to another company. The other company signs a note indicating principal and 12% interest will be paid to Hurricane on September 30, 2022. Record the adjusting entry for interest at its year-end of December 31. Note: Enter debits before credits. Date Debit Credit General Journal December 31 Interest Receivable : Interest Revenue Record entry Clear entry View general journal Journal entry worksheet 3 4 5 6 On November 1, 2021, Hurricane pays its landlord $1,650 representing rent for the months of November through January. The payment is debited to Prepaid Rent for the entire amount. Record the adjusting entry for rent at its year-end of December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal Journal entry worksheet