com.co / 960239 A review of the edge of Sheridan Company at December 31, 2020, produces the following data perting to the p entries art of w a sting 1 Salaries and Wages Payable so. There are eight employees Salaries and wages are paid every Friday for the current week. Five employees receive $820 each per week, and three employees earn $500 each per week. December 31 is a Tuesday Employees do not work weekends. All employees worked the last 2 days of December 2 Uncanned Rent Revenue $392.790. The company begaw ainghe space in a new building on November 1. Each tenant is required to make a $5.630 security deposit that is not refund a cy is termined. At December the company had the following rental contracts that we paid for the entire ter of the Date Termin months) Monthly Rent Number of leases $6,100 Dec. 1 $6,630 2. Prepaid Advertising $20.400. This balance costs of payments on two advertising contracts. The contracts provide for monthly advertising trade magazines. The terms of the contracts are shown below Contract Date Amount Number of Magissues A650 May 1 $9.500 0974 Oct 1 10.800 The first advertisement runs in the month in which the contract is signed 4 Notes Payabile 62.200. This balance consists of a note for one year a n nual interest rate of 12 dated 1 entry is required select No entor for the account titter and enter for the amounts Round answers to decimal places is 2.520). No. Account Titles and Explanation Debit Credit The first advertisement runs in the month in which the contract is signed. 4. Notes Payable $62,200. This balance consists of a note for one year at an annual interest rate of 12%, dated June 1. Prepare the adjusting entries at December 31, 2020. (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 for the amounts. Round answers to decimal places, es. 2,520) No. Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts