The Mazzant Wholesale Food Company's fiscal year-end is June 30 . The company issues quarterfy financial statements requiring the company to prepare adjusting entries at the end of each quarter. Assume all quartenly adjusting entries were properly recorded. 1. On December 1,2020, the company paid its annual fire insurance premium of 55,200 for the year beginning December 1 and debited prepaid insurance. 2. On August 31, 2020, the company borrowed $85,000 from a local bank. The note requires principal and interest at 8% to be paid on August 31, 2021. 3. Mazzanti owns a warehouse that it rents to another company. On January 1, 2021. Mazanti collected $22,400 representing rent for the 2021 calendar year and credited deferred rent revenue. 4. Depreciation on the office buliding is $16,800 for the fiscal year. 5. Employee salaries for the month of June 2021$17,500 wil be paid on July 20.2021 Prepare the necessary yeat-end adjusting entries at the end of June 30,2021 , for the above stuations. (if no entry is required for a transectionievent, select "No journel entry required" in the first account field.)