debited to Prepaid Insurance for the entire amount on July 1. 3. Employee salaries of $2,100 for the month of December will be paid in early January 2025 . 4. On November 1, 2024, the company borrowed $10,500 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 $910. On August 15 , Wolverine purchased an additional $2,500 of office supplies, debiting the Supplies account. By the end of the year, $410 of office supplies remains. Required: Record the necessary adjusting entries at December 31, 2024, for Wolverine Company. You do not need to record transactions made during the year. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a particular transactibn/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Answer is complete but not entirely correct