Ine unadjusted trial balance of Concord Enterprises for the year ended December $31,2024,$ follow

There is $$790$ of supplies on hand on December $31,2024.$

The one$-$year insurance policy was purchased on March $1,2024.$

Depreciation expense for the year is $$10,200$ for the equipment and $$5,500$ for the furniture.

Accrued interest expense at December $31,2024,$ is $$690.$

Unearned revenue of $$950$ is still unearned at December $31,2024.$ On the amount that was earned, cost of goods sold was $$1,800.$

A physical count of merchandise inventory indicates $$32,800$ on hand on December $31,2024.$

Concord Enterprises uses the perpetual inventory system and the earnings approach.

Prepare the adjusting entries assuming they are prepared annually. $($Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the occcount titles and enter $0$ for the amounts. List all debit entries before credit entries.$)$

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