Exercise 3-12A Record year-end adjusting entries (LO3-3) Below ave thinsactions for Wolverine Company during 2021. 1. On December 1, 2021, Wolverine receives $3,800 cash from a company that is renting office space from Wolverine. The payment, representing rent for December and January, is credited to Deferred Revenue. 2. Wolverine purchases a one year property insurance policy on July 1, 2021, for $12,960. The payment is debited to Prepaid Insurance for the entire amount. 3. Employee salaries of $2.800 for the month of December will be paid in edrly January 2022 4. On November 1,2021, the company botrows $14,000 from a bank. The loan requires principal and interest at 9% to be paid on October 30,2022 5. Office supplies at the beginning of 2021 total \$980. On August 15, Wolverine purchases an additional $3,200 of otfice supplies. debiting the Supplies account. By the end of the year, $480 of affice supplies remains. Required: Record the necessary adjusting entries at December 31,2021 , for Wolverine Company. You do not need to record transactions made during the year. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a tronsoction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate colculations.)