16. Information necessary for Delightful Delights to prepare the year-end adjusting entries appears below. a. Depreciation on the equipment for the year is $11,100. b. On August 1, 2018, Delightful Delights borrows $52,200 from a local bank and signs a note. The note requires interest to be paid annually on August 31 at 10%. The principal is due in four years. c On October 1, 2018, the company purchases insurance for $24,600 for a two-year policy to cover possible injury to workers. The entire $24,600 was debited to Prepaid Insurance at the time of the purchase d. Employees' salaries are paid every two weeks. The last pay period ended on December 23. Salaries earned from December 24 through December 31, 2018, are $3,250. e Supplies bought during the period was $17,971 $3,061 of supplies remains on hand at December 31, 2018 f. On December 30, Delightful Delights receives a utility bill of $1,023 for the month. The bill will not be paid until early January, 2019, Prepare the necessary adjusting entries on December 31, 2018 DATE ACCOUNT NAME DEBIT CREDIT