-review Help Save&Exit Submit Check my work The following transactions occurred during December 31, 2018, for the Falwell Company 1. A three-year fire Insurance policy was purchased on July 1, 2018, for $10,800. The company debited insurance expense for the entire amount 2. Depreciation on equipment totaled $11,250 for the year. 3. Employee salaries of $14,500 for the month of December will be paid in early January 2019. 4 On November 1, 2018, the company borrowed $150,000 from a bank. The note requires principal and interest at 12% to be paid on April 30, 2019 5. On December 1, 2018, the company received $3,600 in cash from another company that is renting office space in Falwel's building. The peyment, representing rent for December and January, was credited to deferred rent Prepare the necessary adjusting entries for each of the above situations. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Journal entry worksheet 3 9 0 command