Excalbur Corporation sells video games for personal computers. The unadjusted triai balance as or December 31,2024, appears below. December 31 is the company's reporting yearend. The company uses the perpetuat imventory system. Information necessary to prepare the yearend adjusting entiles appears below. 1. The office equipment was purchased in 2022 and is being depreciated using the straight fine method over a 8 year useful life with no residual value 2 Accrued nalaries at yearend should be $5,400 3. The company borrowed $36,000 on September 1,2024 . The principai is due to be repaid in 8 years. interest is payable twice a year on each Augusi 31 and Februacy 28 ot an annual rate of 10s 4. The company debits supples when supplies are purchased Supplies on hand at year end cost $560 5. Prepaid rent expled during the period is $13,600 Pequired: Prepare the necessary December 31, 2024, acjusting entries. Note: if no entry la requiled for a transectioni event, select "Wo journel entry required" in the first account field, Do not round Intermediote calculotions