Consider the following items for Wolverine Properties during $2024.$

On December $1,2024,$ Wolverine received $$4,000$ cash from a company renting office space from Wolverine. The payment, representing rent for December and January, was recorded to Deferred Revenue on December $1.$ Revenue for other rentals totaled $$125,000.$

Wolverine purchases a one$-$year property insurance policy on July $1,2024,$ for $$13,200.$ The payment was recorded in Prepaid Insurance for the entire amount on July $1.$ Wolverine had $$5\mathrm{.}400$ in insurance costs for the first six months of the year.

Employee salaries of $$3,000$ for the month of December will be paid in early January $2025.$ Salaries paid for the first $11$ months of the year total $$42,000.$

On November $1,2024,$ the company borrowed $$15,000$ from a bank. The loan requires principal and interest at $10\%$ to be paid on October $30,2025.$

Office supplies at the beginning of $2024$ totaled $$1,000.$ On August $15.$ Wolverine purchased an additional $$3,400$ of office supplies, recorded to the Supplies account. By the end of the year, $$500$ of office supplies remains.

Requlred:

For each item, determine the accounts to be adjusted on December $31,2024,$ the amount of the adjustment, and the ending balance. Assume no adjustments were previously made during the year.

Note: Amounts to be deducted should be Indlcated with a mlinus sign.

$\backslash$table$[[1.,$Account$],[,,],[,$Deferred Revenue,Rent Revenue$],[$Balance before adjustment,$$,4,000,125,000],[$December $31$ Adjustment,,$2,000,2,000],[$December $31$ Ending balance,$$,6,000,127,000],[2.],[,$Prepaid Insurance,$$nsurance Expense$],[$Balance before adjustment,$$,13,200,5,400],[$December $31$ Adjustment$],[$December $31$ Ending balance,$$,13,200,5,400],[3.],[,$Salaries Payable,,Salaries Expense$],[$Balance before adjustment,$$,0,],[$December $31$ Adjustment$],[$December $31$ Ending balance,$$,0,$$$],[4.],[,$nterest Payable,,$$nterest Expense$],[$Balance before adjustment,$$,0,$$$],[$December $31$ Adjustment$],[$December $31$ Ending balance,$$,0,$$$],[5.],[,$Supplies,,Supplies Expense$],[$Balance before adjustment,$$,1,000,$$$],[$December $31$ Adjustment,,,$],[$manminno $21$ Endinn hn$.,4,1$nmm$,]]$