The following data relate to the accounts of the Pruitt Corporation. Prepare the necessary adjusting journal entries indicated by each item for the year ending December 31, 2021.

A. A four-year insurance policy was purchased on April 1, 2021. The $96,000 insurance premium was fully paid on that date and a debit to prepaid insurance was recorded.

B. Unpaid salaries at the year-end amount to $200,750.

C. Pruitt Corp. rents out some of its office space to Alliance Corp at $2,400 per month. On November 1, 2021, Pruitt Corp. recorded a credit to Rent Revenue for the receipt of a rent payment of $7,200 from Alliance Corp. to cover rent from November 1, 2021, to January 31, 2022.

D. Pruitt Corporation holds bonds of another corporation. The bonds were purchased by Pruitt on June 30, 2021. Interest in the amount of $1,100 is received each year every June 30^th.

i) Prepare any necessary adjusting entries on December 31, 2021.

ii) Prepare the journal entry to record the receipt of interest on June 30, 2022.