Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31,2024 , appears below. December 31 is the company's reporting year-end. The company uses the perpetual inventory system. Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2022 and is being depreciated using the straight-line method over a 8-year useful life with no residual value. 2. Accrued salaries at year-end should be $4,950. 3. The company borrowed $33,000 on September 1,2024 . The principal is due to be repaid in 8 years. Interest is payable 4. The company debits supplies when supplies are purchased. Supplies on hand at year-end cost $530. 5. Prepaid rent expired during the period is $13,300. Required: Prepare the necessary December 31, 2024, adjusting entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations