The Information necessary for preparing the 2021 year-end adjusting entries for Bearcat Personal Training Academy appears below. Bearcat's fiscal year-end is December 31 1. Depreciation on the equipment for the year is $6,600. 2. Salaries earned (but not paid) from December 16 through December 31, 2021, are $3,600. 3. On March 1, 2021. Bearcat lends an employee $18,000. The employee signs a note requiring principal and interest at 8% to be paid on February 28, 2022 4. On April 1, 2021, Bearcat pays an insurance company $12,720 for a two-year fire insurance policy. The entire $12,720 is debited to Prepaid Insurance at the time of the purchase. 5. Bearcat uses $1,500 of supplies in 2021. 6. A customer pays Bearcat $2,580 on October 31, 2021, for three months of personal training to begin November 1, 2021. Bearcat credits Deferred Revenue at the time of cash receipt. 7. On December 1, 2021, Bearcat pays $5,400 rent to the owner of the building. The payment represents rent for December 2021 through February 2022, at $1,800 per month. Prepaid Rent is debited at the time of the payment Required: Record the necessary adjusting entries at December 31, 2021. No prior adjustments have been made during 2021. (Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction ist Journal entry worksheet > 3 1 2 5 6 4 7 Record the necessary adjusting entries at December 31, 2021. No prior adjustments have been made during 2021. (Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the firs account field.) View transaction list 0:29:13 Journal entry worksheet 2 3 4 1 5 6 7 Depreciation on the equipment for the year is $6,600. Record the adjusting entry for depreciation at its year-end of December 31. Note: Enter debits before credits Date General Journal Debit Credit December 31 Record entry Clear entry View general journal