Information necessary to prepare the year$-$end adjusting entries appears below.

Depreciation on the office equipment for the year is $$11,700.$

Employee salaries are paid twice a month, on the $22$ nd for salaries earned from the $1$ st through the $15$ th$,$ and on the $7$ th

of the following month for salaries earned from the $16$th through the end of the month. Salaries earned from December

$16$ through December $31,2024,$ were $$1,650.$

On October $1,2024,$ McGuire borrowed $$53,400$ from a local bank and signed a note. The note requires interest to be

paid annually on September $30$ at $12\%.$ The principal is due in $10$ years.

On March $1,2024,$ the company lent a supplier $$23,400,$ and a note was signed requiring principal and interest at $8\%$ to

be paid on February $28,2025.$

On April $1,2024,$ the company paid an insurance company $$9,400$ for a one$-$year fire insurance policy. The entire

$$9,400$ was debited to prepaid insurance at the time of the payment.

$$980$ of supplies remained on hand on December $31,2024.$

The company received $$3,700$ from a customer in December for $1,600$ an order of various video games to be delivered

in January $2025.$ McGuire credited deferred sales revenue at the time cash was received.

On December $1,2024,$$$2,700$ rent was paid to the owner of the building. The payment represented rent for December

$2024$ and January $2025$ at $$1,350$ per month. The entire amount was debited to prepaid rent at the time of the