Excalibur Corporation sells video games for personal computers. The unadjusted trial balance as of December 31, 2018, appears below. December 31 is the company's fiscal year-end. The company uses the perpetual inventory system Debits 22,900 32,100 Account Title Credits Lash Accounts receivable Supplies Prepaid rent Inventory Office equipment Accumulated depreciation-office equipment Accounts payable Salaries and wages payable Note payable Common stock Retained earnings ales revenue Cost of goods sold Interest expense Salaries and wages expense Rent expense Supplies expense Utility expense Totals 61,000 83,475 9,600 25,700 2,600 26,000 76,000 27,325 176,000 91,000 31,950 13,600 1,600 5,600 343,225 343,225 Information necessary to prepare the year-end adjusting entries appears below 1. The office equipment was purchased in 2016 and is being depreciated using the straight-line method over an nine-year useful life with no salvage value 2. Accrued salaries and wages at year-end should be $3,900 3. The company borrowed $26,000 on September 1, 2018. 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 $460 5. Prepaid rent at year-end should be $1,400 Required Prepare the necessary December 31, 2018, 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.)