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A review of the ledger of Skysong, Inc. at December 31, 2022, produces the following data pertaining to the preparation of annual adjusting entries. 1.

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A review of the ledger of Skysong, Inc. at December 31, 2022, produces the following data pertaining to the preparation of annual adjusting entries. 1. Prepaid Insurance $13,376. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on July 1, 2021. for $8.448. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2022, for $6,336. This policy has a term of 2 years. 2. Unearned Rent Revenue $377.520. The company began subleasing office space in its new building on November 1, 2022. 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 Leases Date Monthly Rent Payment $4,400 $7,480 Nov. 1 9 5 Dec. 1 6 4 3. Notes Payable $35,200. This balance consists of a note for 6 months at an annual interest rate of 9%, dated November 1. Interest will be paid at note maturity 4. Salaries and Wages Payable $0. There are 8 salaried employees. Salaries are paid every Monday for the prior week. 5 employees receive a salary of $528 each per week, and 3 employees earn $620 each per week. Assume December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December Prepare the adjusting entries at December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to decimal places, e.g. 5.125.) Round answers to 0 decimal places, e.g. 5,125.) No. Date Account Titles and Explanation Debit Credit 1. Dec. 31 2. Dec. 31 Dec. 31 4. Dec. 31 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 5 used Submit

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