Check my work Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end. The company uses the perpetual inventory system. Account Title Debits Credits Cash 24,200 33,400 Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Note payable Common stock Retained earnings Sales revenue Cost of goods sold 74,000 76,800 ok 10,900 27,000 3,900 39,000 89,000 11.550 ences 189,000 104,000 Interest expense 33,250 14,900 2,900 Salaries and wages expense Rent expense Supplies expense 3 Prepaid rent Inventory office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Note payable Common stock 74,000 76,800 10,900 27,000 3,900 39,000 oints 89,000 Retained earnings Sales revenue Cost of goods sold Interest expense Salaries and wages expense 11,550 189,000 104,000 eBook 33,250 14,900 2,900 6,900 References Rent expense Supplies expense Utility expense Totals 370,350 370,350 Information necessary to prepare the year-end adjusting entries appears below. Subr Save & Exit Help Saved mewolk Check my work Information necessary to prepare the year-end adjusting entries appears below 1 The office equipment was purchased in 2016 and is being depreciated using the straight-line method over an useful life with no salvage value. 2 Accrued salarles and wages at year-end should be $5,850 3. The company borrowed $39,000 on September 1, 2018. The principal is due to be repaid in 10 years. Interest is payable twice a year on each August 31 and February 28 at an annual rate of 10 %. 4. The company debits supplies expense when supplies are purchased. Supplies 5 Prepaid rent at year-end should be $1,900. eight-year ok ences on hand at year-end cost $590. Required: Prepare the necessary December 31, 2018, adjusting entries. (If no journal entry required" in the first account field. Do not round intermediate calculations.) entry is required for a transaction/event, select "No