P5.3. Exacto Hospital's preadjusted trial balance at December 31, 20X1, included the following accounts, among others: Acct. No. 107 Prepaid insurance $ 5,760 108 Prepaid rent 2,700 109 Prepaid interest 3,600 202 Notes payable 80,000 203 Accrued interest payable 204 Accrued salaries and wages payable 250 Bonds payable 400,000 601 Salaries and wages expense 755,200 604 Insurance expense -0- -0- -0- Chapter Five: Prepaid and Accrued Expenses -0- -O- 606 Rent expense 608 Interest expense The following additional information is available: 1. A three-year insurance premium was prepaid on January 1, 20x1. 2. One year's rent was paid in advance on June 1, 20x1. 3. On December 1, 20x1, an $80,000, 9 percent, six-month loan was obtained from a local bank. Interest was prepaid. 4. Unpaid salaries and wages at December 31, 20x1, totaled $68,700. 5. On October 1, 20x1, $400,000 of 6 percent, ten-year bonds were issued at face value. Interest on these bonds is payable annually on October 1, beginning October 1, 20x2. Required: Prepare, in general journal form, the necessary adjusting entries for December 31, 20X1