A review of the ledger of Wildhorse Co$.$ at December $31,2022,$ produces the following data pertaining to the preparation of annual

adjusting entries.

on the building was purchased on July $1,2021,$ for $$10,752.$ The policy has a term of $3$ years. Policy A$2958$ on the vehicles was

purchased on January $1,2022,$ for $$8,064.$ This policy has a term of $2$ years.

Unearned Rent Revenue $$480,480.$ 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.

Notes Payable $$44,800.$ 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.

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 $$672$ each per week, and $3$ employees earn $$800$ 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