Current Attempt in Progress

A review of the ledger of Blossom Company at December $31,2025,$ produces these data pertaining to the preparation of annual

adjusting entries.

Prepaid Insurance $$23,149.$ The company has separate insurance policies on its buildings and its motor vehicles. Policy B$4564$

on the building was purchased on July $1,2024,$ for $$15,510.$ The policy has a term of $3$ years. Policy A$2958$ on the vehicles was

purchased on January $1,2025,$ for $$10,224.$ This policy has a term of $18$ months.

Unearned Rent Revenue $$469,440.$ 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.

Notes Payable $$44,400.$ This balance consists of a note for $6$ months at an annual interest rate of $7\%,$ dated October $1.$

Salaries and Wages Payable $$0.$ There are ten salaried employees. Salaries are paid every Friday for the current week. Six

employees receive a salary of $$655$ each per week, and four employees earn $$765$ each per week. Assume December $31$ is a

Wednesday. Employees do not work weekends. All employees worked the last $3$ days of December.

Prepare the adjusting entries at December $31,2025.($List all debit entries before credit entries. If no entry is required, select $"$No Entry" for

the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent

manually.$)$

No$.$ Account Titles and Explanation

Insurance Expense

Prepaid Insurance

Interest Expense

Interest Payable

Salaries and Wages Expense