How to do this

E 2-11 The Mazzanti Wholesale Food Company's fiscal year-end is June 30, The company issues quarterly financial Adjusting entries: statements requiring the company to prepare adjusting entrick sa the end of each quarter. Assuming all quartly fiscal year ad justing entries were properly recorded, prepare the necessary year-end adjusting entries at the end of June 30, b 2021, for the following situations. 1. On December 1, 2020, the company paid its annual fire insurance premium of $6,000 for the year beginning December 1 and debited prepaid insurance. 2. On August 31, 2020, the company borrowed $80,000 from a local bank. The note requires principal and inter- est at 8% to be paid on August 31, 2021. LO2-6 a warehouse that it rents to another company. On January 1, 2021, Mazzanti collected $24,000 3. Mazzanti owns representing rent for the 2021 calendar year and credited deferred rent revenue 4. Depreciation on the office building is $20,000 for the fiscal year 5. Employee salaries for the month of June 2021 of $16,000 will be paid on July 20, 2021