A review of the ledger of Metlock Company at December 31, 2020, produces the following data pertaining to the preparation of annual adjusting entries. 1 Salaries and Wages Payable $0. There are eight employees. Salaries and wages are paid every Friday for the current week Five employees receive $850 each per week, and three employees earn $540 each per week. December 31 is a Tuesday Employees do not work weekends. All employees worked the last 2 days of December Unearned Rent Revenue $386,730. The company began subleasing office space in its new building on November 1. Each tenant is required to make a $5,150 security deposit that is not refundable until occupancy is terminated. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. 2. Term (in months) Number of Leases Date Nov. 1 Dec. 1 Monthly Rent $6,050 $6,620 6 4 3. Prepaid Advertising $8,400. This balance consists of payments on two advertising contracts. The contracts provide for monthly advertising in two trade magazines. The terms of the contracts are as shown below. Contract A650 B974 Date May 1 Oct. 1 Amount $3,600 4.800 Number of Magazine Issues 12 24 The first advertisement runs in the month in which the contract is signed. 4. Notes Payable $57,200. This balance consists of a note for one year at an annual interest rate of 12%, dated June 1. Prepare the adjusting entries at December 31, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter for the amounts. Round answers to decimal places, e.g. 2,520.) Debit Credit No. Account Titles and Explanation 1. Salaries and Wages Expense Salaries and Wages Payable 2. Unearned Admissions Revenue Rent Revenue 3. Advertising Expense Prepaid Advertising 4. Interest Expense Interest Payable