The information necessary for preparing the December 31, 2024, year-end adjusting entries for Vito's Pizza Parlor appears below. a. On July 1, 2024, purchased $19,500 of IBM Corporation bonds at face value. The bonds pay interest twice a year on January 1 and July 1. The annual interest rate is 10%. b. Vito's depreciable equipment has a cost of $6,600, a six-year life, and no salvage value. The equipment was purchased in 2022. The straight-line depreciation method is used. c. On November 1, 2024, the bar area was leased to Jack Donaldson for one year. Vito's received $8,700 representing the first six months' rent and credited deferred rent revenue at the time cash was received. d. On April 1, 2024, the company paid $1,320 for a two-year fire insurance policy and debited prepaid insurance at the time of the payment. e. On October 1, 2024, the company borrowed $11,000 from a local bank and signed a note. Principal and interest at 10% will be paid on September 30, 2025. f. At year-end, there is a $1,200 debit balance in the supplies (asset) account. Only $610 of supplies remain on hand. Required 1 Required 2 Prepare the necessary adjusting journal entries on December 31, 2024. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Do not round intermediate calculations. No Transaction General Journal 1 a. Interest receivable Interest revenue 2 b. 3 C. Depreciation expense Accumulated depreciation Deferred rent revenue Rent revenue 4 d. Insurance expense Prepaid insurance 5 e. Interest expense Interest payable 6 f. Supplies expense Supplies >> Debit Credit 975 975 1,100 1,100 2,900 2,900 825 x 825 X 275 275 590 590