The following information relates to Paul Anderson, Property Manager, at the close of the fiscal year ending December 31:

1.		Paul paid a storage locker facility $325 for next Januarys rent on a locker and charged it to Rent Expense.
2.		On November 1, Paul signed a three-month, 12% note to borrow $17,760 from Yorkville Bank.
3.		The following salaries and wages are due and unpaid at December 31: sales, $1,390; office clerks, $1,080.
4.		Interest of $505 has accrued to date on a note that Paul holds from Grant Muldaur.
5.		The estimated loss on bad debts for the period is $1,530.
6.		Stamps and stationery are charged to the Office Expense account when purchased; $105 of these supplies remain on hand.
7.		Paul has not yet paid the December rent of $1,230 on the building his business uses.
8.		Insurance was paid on November 1 for one year and charged to Prepaid Insurance, $1,080.
9.		Property tax accrued, $1,930.
10.		On December 1, Paul accepted Alana Zipurskys two-month, 15% note in settlement of her $7,200 account receivable.
11.		On October 31, Paul received $2,520 from Tareq Giza in payment of six months rent for Gizas office space in the building and credited Unearned Rent Revenue.
12.		On September 1, Paul paid six months rent in advance on a warehouse, $7,995, and debited the asset account Prepaid Rent.
13.		The bill from Light & Power Limited for December has been received but not yet entered or paid, $430. (Use Utilities Payable.)
14.		The estimated depreciation on equipment is $1,090.

Prepare annual adjusting entries as at December 31