The information necessary for preparing year-end adjusting entries appears below. The company's fiscal year-end is December 31. 1. At the end of the year, the academy calculated that it owed $5,800 in income taxes. Those taxes won't be paid until next April 15 . 2. Salaries earned (but not paid) from December 16 through December 31,2024 , are $2,800. 3. On March 1, 2024, the company lends an employee $14,000. The employee signs a note requiring principal and interest at 9% to be paid on February 28, 2025. 4. On April 1, 2024, the company pays an insurance company $11,760 for a two-year fire insurance policy. The entire $11,760 is debited to Prepaid Insurance at the time of the purchase. 5. The company uses $1,100 of supplies in 2024. 6. A customer pays the company $2,340 on October 31,2024 , for three months of personal training to begin November 1,2024 . The company credits Deferred Revenue at the time of cash receipt. 7. On December 1, 2024, the company pays $4,200 rent to the owner of the bulling. The payment represents rent for December 2024 through February 2025 , at $1,400 per month. Prepaid Rent is debited at the time of the payment. Required: Record the necessary adjusting entries at December 31, 2024. No prior adjustments have been made during 2024. (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.)