A review of the ledger of Tamarisk, Inc. at December 31 produces the following data for the preparation of annual adjusting entries:

1.		Salaries and Wages Payable, $0. There are 9 salaried employees. 4 employees receive a salary of $ 1,280 each per week, and 5 employees earn $ 780 each per week. Employees do not work weekends. All employees worked two days after the last pay period and before December 31.
2.		Unearned Rent Revenue, $ 321,560. The company began leasing condos in its new building on November 1. Each tenant has to make a $ 4,940 security deposit that is not refundable until occupancy is ended. At December 31, the company had the following rental contracts that were paid in full for the entire term of the lease:

Term (in months) Date Number of Leases Monthly Rent Nov. 1 6 $ 4,120 4 Dec. 1 6 $ 10,450 3 3. Prepaid Insurance, $ 15,840. This balance consists of payments on two policies. The terms of the policies are as follows: Policy Effective Date Number of Months Coverage Amount A650 May 1 $ 7,200 12 B974 Oct. 1 8,640 24 4. Notes Payable, $ 84,200. This balance consists of a one year, 6% note that is dated June 1. Prepare the adjusting entries at December 31. (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 o for the amounts.) lo. Date Account Titles and Explanation Debit Credit Dec. 1. 31 3608 Salaries and Wages Expense Salaries and Wages Payable 3608 2. Dec. 31 Unearned Rent Revenue 5359 Rent Revenue 5359 Dec. 3. 31 5880 Prepaid Insurance Insurance Expense 5880 4. Dec. 31 Interest Receivable 2526 Notes Payable 2526