Salaries and Wages Payable $0. There are eight employees. Salaries and wages are paid every Friday for the current week. Five employees receive $?00 each per week, and three employees earn $530 each per week. December 31 is a Tuesday. Employees do not work weekends. All employees worked the last 2 days of December. Uneamed Rent Revenue $4?0,530. The company began subleasing ofce space in its new building on November 1. Each tenant is required to make a $5,200 security deposit that is not refundable until occupancy is terminated. At December 31, the company had the following rental contracts that are paid in full for the entire term of the lease. ov. 1 a $6,520 5 ec. 1 6 $9,320 4 Prepaid Advertising $14,800. This balance consists of payments on two advertising contracts. The contracts provide for monthly advertising in two trade magazines. The terms of the contracts are as shown below. 550 May 1 $4,300 12 924 Oct. 1 10,000 24 re first advertisement runs in the month in which the contract is signed. Notes Payable $61,300. This balance consists of a note for one year at an annual interest rate of 12%, dated June 1. epare the adjusting entries at December 31, 2014