Areview of the ledger of Crane Company at December 31, 2020, produces the following data pertaining to the preparation of annual adjusting entries 1. Prepaid Insurance $10,632. The company has separate insurance policies on its buildings and its motor vehicles. Policy B4564 on the building was purchased on April 1, 2019, for $7.776. The policy has a term of 3 years. Policy A2958 on the vehicles was purchased on January 1, 2020, for $4,800. This policy has a term of 2 years. 2. Unearned Rent Revenue $347,400. 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. Number of Leases Date Nov, 1 Dec 1 Term (in months) 9 6 Monthly Rent $5,400 $8,500 3. Notes Payable $124,000. This balance consists of a note for months at an annual interest rate of dated November 1 4. Salaries and Wages Payable $0. There are 8 salaried employees Sataries are paid every Friday for the current week 4 employees receive a salary of $800 each per week and employees can $600 each per week. Assume December 31 Tuesday. Employees do not work weekends. All employees worked the last 2 days of December Prepare the adjusting entries at December 31, 2020. (Credit account titles are automatically indented when the amount is entered Do not indent manually) Prepare the adjusting entries at December 31, 2020. (Credit account titles are automatically indented when the amount is entered Do notIndent manually No. Date Account Titles and Explanation 1 Dec. 31 Debit Credit 2 Dec. 31 3. Dec 31 4. Dec 31