Exacto Hospitals preadjusted trial balance at December 31, 20X1, included the following accounts, among others:

Acct. No.

107 Prepaid insurance $ 5,760

108 Prepaid rent 2,700

109 Prepaid interest 3,600

202 Notes payable 80,000

203 Accrued interest payable -0-

204 Accrued salaries and wages payable -0-

250 Bonds payable 400,000

601 Salaries and wages expense 755,200

604 Insurance expense -0-

606 Rent expense -0-

608 Interest expense -0-

The following additional information is available:

1. A three-year insurance premium was prepaid on January 1, 20X1.

2. One years rent was paid in advance on June 1, 20X1.

3. On December 1, 20X1, an $80,000, 9 percent, six-month loan

was obtained from a local bank. Interest was prepaid.

4. Unpaid salaries and wages at December 31, 20X1, totaled $68,700.

5. On October 1, 20X1, $400,000 of 6 percent, ten-year bonds

were issued at face value. Interest on these bonds is payable

annually on October 1, beginning October 1, 20X2.

Prepare, in general journal form, the necessary adjusting entries for December 31, 20X1.