The unadjusted trial balance of Sketch Star Makers Incorporated, prepared as of December $31,2022,$ includes the following account balances. All of the accounts listed have normal balances.

Cash $ $20,000$

Accounts Receivable $4,000$

Supplies $5,000$

Prepaid Insurance $8,800$

Equipment $30,000$

Accumulated Depreciation $4,000$

Notes Payable $($long$-$term$)40,000$

Deferred Revenue $15,000$

Service Revenue $50,000$

Salaries and Wages Expense $40,000$

The following information is also available:

A$)$ After a count of supplies, there were $$2,400$ worth of supplies remaining on hand at December $31,2022.$

B$)$ An insurance policy, purchased on January $1,2022,$ covers four years but has not yet been adjusted.

C$)$ The equipment depreciates at a rate of $$3,000$ per year; no depreciation has been recorded for $2022.$

D$)$ One half $($or $50\%)$ of the amount recorded as Deferred Revenue remains deferred as of December $31,2022.$

E$)$ The amount of unpaid but owing salaries and wages at December $31,2022$ is $$4,000.$

Required:

Prepare the required adjustments for the company as of December $31,2022.($If no entry is required for a transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$