The information necessary tor preparing the 2018 year-end adjusting entries tor Bearcat Personal Training Academy appears below Bearcat's fiscal year-end is December 31 Depreciation on the equipment for the year is $7.000 Salaries earned (but not paid) from December 16 through December 31 2018 are $4 000 On March 1. 2018. Bearcat lends an employee $20,000 The employee signs a note requiring principal and interest at 9% to be paid on February 28. 2019 On April 1. 2018. 3earcat pays an insurance company S 13.200 for a two-year fire insurance policy. The entire $I3.200 is debited to Prepaid Insurance at the time of the purchase. Bearcat uses $1.700 of supplies in 2018. A customer pays Bearcat $2, 700 on October 31 2018 for three months of personal training to begin November 1 2018 Bearcat credits Deferred Revenue at the time of cash receipt On December 1. 2018. Bearcat pays $6,000 rent to the owner of the building. The payment represents rent for December 2018 through February 2019. at $2,000 per month. Prepaid Rent is debited at the time of the payment. Required: Prepare the necessary adjusting entries at December 31. 2018. No prior adjustments have been made during 2018. (If no entry is required for a particular transaction/event, select "No journal entry required" in the first account field.)