A review of the ledger of Pharoah Company at December $31,2025,$ produces these data

pertaining to the preparation of annual adjusting entries.

$1.$ Prepaid Insurance $$20,751.$ The company has separate insurance policies on its buildings

and its motor vehicles. Policy B$4564$ on the building was purchased on July $1,2024,$ for

$$15,570.$ The policy has a term of $3$ years. Policy A$2958$ on the vehicles was purchased on

January $1,2025,$ for $$7,776.$ This policy has a term of $18$ months.

$2.$ Unearned Rent Revenue $$439,800.$ The company began subleasing office space in its new

building on November $1.$ At December $31,$ the company had the following rental

contracts that are paid in full for the entire term of the lease.

Term

$($in months$)$

Number of

Date Monthly Rent Leases

Nov. $18$ $$4,5304$

Dec. $16$ $$8,1906$

$3.$ Notes Payable $$45,200.$ This balance consists of a note for $6$ months at an annual interest

rate of $7\%,$ dated October $1.$

$4.$ Salaries and Wages Payable $$0.$ There are nine salaried employees. Salaries are paid

every Friday for the current week. Six employees receive a salary of $$635$ each per week,

and three employees earn $$730$ each per week. Assume December $31$ is a Wednesday.

Employees do not work weekends. All employees worked the last $3$ days of December.

Prepare the adjusting entries at December $31,2025.($List all debit entries before credit entries. If no

entry isrequired,select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account

titles are automatically indented when the amount is entered. Do not indent manually.$)$