The trial balance of the Trishia Company on December 31, 2016 (the end of its annual accounting period), included the following account balances before adjustments:

Notes receivable $10,000 debit

Insurance expense 3,000 debit

Building 60,000 debit

Unearned rent revenue 4,320 credit

Notes payable 7,200 credit

Reviewing the companys recorded transactions and accounting records for 2016, you find the following data pertaining to the December 31, 2016 adjustments:

On July 2, 2016, the company had accepted a $10,000 nine-month, 105 (annual rate) note receivable from a customer. The interest is to be collected when the note is collected.

On August 2, 2016, the company had paid $3,000 for a two-year insurance policy.

The building was acquired in 1998 and is being depreciated using the straight-line method over a 25-year life. It has an estimated residual value of $8,000.

On September 1, 2016, the company had received two years rent in advance ($4,320) for a portion of a building it is renting to Oscar Company.

On December 1, 2016, the company had issued a $7,200, three-month, 12% (annual rate) note payable to a supplier. The interest is to be paid when the note is paid.

Prepare the adjusting entries that are necessary to bring the Trishia Company accounts up to date on December 31, 2016.