Prepare adjusting entries in the general journal from the following information pertaining to the accounts of Eastpointe Inn as of December 31, 20X6(the end of its fiscal year):

1. The prepaid insuranceaccount shows a balance of $15,000 representing the March 31, 20X6, premium payment for one-year fire insurance coverage from April 1, 20X6, through March 31, 20X7.
2. Equipment costing $80,000 is being depreciated using the straight-line method and an estimated useful life of five years. (Assume salvage value is $10,000) Annual depreciationhas not been record.
3. Wages earned by employees for December 26-31, 20X6, have not been recorded. Weekly wages (for seven years) amount to $2,100
4. Interest expenseon a note payable of $50,000 has not been recorded during 20X6. The amount was borrowed on November 1, 20X5. The annual rate of Interest is 8%.
5. The Guest Depositaccount (a current liability account) has a balance of $2,000 before adjustments. Of these deposits, $800 were earned during December 20X6.