Consider the following items for Wolverine Properties during 2024. 1. 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. 2. 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. 3. Employee salaries of $3,000 for the month of December will be paid in early January 2025. 4. 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. 5. 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. Required: Record the necessary adjusting entries on December 31, 2024, for Wolverine Properties. You do not need to record transactions made during the year. Assume no financial statements were prepared during the year, and no adjustments were previously recorded. Note: If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations. View transaction list Journal entry worksheet 1 2 3 4 5 On December 1, 2024, Wolverine received $4,000 cash from a company