Excalibur Corporation sells video games for personal computers The unadjusted trial balance as of December 31, 2016. appears below December 31 is the company's fiscal year-end The company uses the perpetual inventory system Information necessary to prepare the year-end adjusting entries appears below The office equipment was purchased in 2014 and is being depreciated using the straight-line method over an nine-year useful life with no salvage value Accrued salaries and wages at year-end should be $5.100 The company borrowed $34.000 on September 1, 2016 The principal is due to be repaid in 12 years Interest is payable twice a year on each August 31 and February 28 at an annual rate of 12% The company debits supplies expense when supplies are purchased Supplies on hand at year-end cost $540 Prepaid rent at year-end should be $1, 400 Required: Prepare the necessary December 31. 2016. adjusting entries