Nike Exxon Royal Dow (NERD) Corporation sells pasta to grocery chains under several private label brand names. NERD Corp's reporting year-end is December 31. The unadjusted trial balance as of December 31, 2021, appears below. Account Title Debits Credits Cash 36,400 Accounts receivable 43,400 Supplies 3,200 Inventory 63,400 Notes receivable 23,400 Interest receivable Prepaid rent 2,400 Prepaid insurance 7,700 Office equipment 93,600 Accumulated depreciation 35,100 Accounts payable 34,400 Salaries payable Notes payable 53,400 Interest payable Deferred sales revenue 3,700 Common stock 82,100 Retained earnings 37,000 Dividends 7,480 Sales revenue 163,800 Interest revenue Cost of goods sold 87,000 Salaries expense 20,600 Rent expense 12,700 Depreciation expense Interest expense Supplies expense 2,800 Insurance expense Advertising expense 4,780 Totals 488,700 408,700 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $11,700 2. Employee salarles are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,400. 3. On October 1, 2021, NERD Corp. 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. 4. On March 1, 2021, the company lent a supplier $23,400 and a note was signed requiring principal and interest at 9% to be paid on February 28 2029 Information necessary to prepare the year-end adjusting entries appears below. 1. Depreciation on the office equipment for the year is $11.700, 2. Employee salaries are paid twice a month, on the 22nd for salaries earned from the 1st through the 15th, and on the 7th of the following month for salaries earned from the 16th through the end of the month. Salaries earned from December 16 through December 31, 2021, were $1,400. 3. On October 1, 2021, NERD Corp, 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. 4. On March 1, 2021, the company lent a supplier $23.400 and a note was signed requiring principal and interest at 9% to be paid on February 28, 2022. 5. On April 1, 2021, the company paid an insurance company $7,700 for a two-year fire insurance policy. The entire $7,700 was debited to prepaid insurance. 6. $900 of supplies remained on hand at December 31, 2021 7. A customer paid NERD Corp. $1,300 in December for 1,602 pounds of spaghetti to be delivered in January 2022. Nerd Corp. credited deferred sales revenue. 8. On December 1, 2021, $2,400 rent was paid to the owner of the building. The payment represented rent for December 2021 and January 2022, at $1,200 per month. The entire amount was debited to prepaid rent. Required: Prepare the necessary December 31, 2021, adjusting journal 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. Round your final.answers to nearest whole dollar amount Required: Prepare the necessary December 31, 2021, adjusting Journal 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. Round your final answers to nearest whole dollar amount View transaction list Journal entry worksheet