The information necessary for preparing the 2010 entries for Sommers Personal Training Academy appears below. Sommers' fiscal year-end is December 31 . a. Depreciation on the equipment for the year is $6,000. b. Salaries earned (but not paid) from December 16 through December 31, 2010 , are $3,000. c. On March 1, 2010, Sommers lends an employee $15,000 and a note is signed requiring principal and interest at 8% to be paid on February 28, 2011. d. On April 1,2010, Sommers pays an insurance company $12,000 for a twoyear fire insurance policy. The entire $12,000 is debited to prepaid insurance at the time of the purchase. e. $1,200 of supplies are used in 2010. f. A customer pays Sommers $2,400 on October 31,2010 , for three months of personal training to begin November 1,2010 . Sommers credits uneamed revenue at the time of cash receipt. g. On December 1,2010, $4,500 rent is paid to the owner of the building. The payment represents rent for December 2010 through February 2011, at $1,500 per month. Prepaid rent is debited at the time of the payment. Required: 1. Record the necessary adjusting entries at December 31, 2010