Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2021, appears below. December 31 is the company's reporting year-end. The company uses the perpetual Inventory system Credits Debits 24,100 33,300 0 0 73,000 69,300 Account Title Cash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation Accounts payable Salaries payable Notes payable Common stock Retained earnings Dividends Sales revenue Cost of goods sold Interest expensie Salaries expense Rent expense Supplies expense Utilities expense Totals 10,800 26,900 3,800 38,000 88,000 12,350 7,600 188,000 103,000 0 33,150 14,800 2,800 6,800 367,850 367,850 Information necessary to prepare the year-end adjusting entries appears below. 1. The office equipment was purchased in 2019 and is being depreciated using the straight-line method over an nine-year useful life with no salvage value. 2. Accrued salaries at year-end should be $5,700. 3. The company borrowed $38,000 on September 1, 2021. 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% 4. The company debits supplies expense when supplies are purchased. Supplies on hand at year-end cost $580. 5. Prepaid rent at year-end should be $1.800. Required: Prepare the necessary December 31, 2021, adjusting entries. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations.)