Wind River Motel adjusts and closes its accounts once a year on December 31. Most guests of the motel pay at the time they check out and the amounts collected are credited to Rental Revenue. A few guests pay in advance for rooms and these amounts are credited to Unearned Rental Revenue at the time of receipt. The following information is available as a source for preparing adjusting entries at December 31. 1. Salaries earned by employees but not yet paid amount to $10,000. 2. As of December 31 , the motel has earned $5,040 rental revenue from current guests who will not be billed until they are ready to check out. 3. on December 16, a suite of rooms was rented to a corporation for six months at a monthly rate of $1,600. The entire six months rent of $9,600 was collected in advance and credited to Unearned Rental Revenue. At December 31 , the amount of $800, representing one - half month's rent, was considered to be earned and the remainder of $8,800 was considered to be unearned. 4. A one - year bank loan in the amount of $90,000 had been obtained on November 1 . No interest has been paid and no interest expense has been recorded. The interest accrued at December 31 is $1,800. 5. Depreciation on the motel for the year ended December 31 was $43,800. 6. Depreciation on a station wagon owned by the motel was based on a four year life. The station wagon had been purchased new on September 1 of the current year at a cost of $9,600. Depreciation for four months should be recorded at December 31. 7. On December 31 , Wind River Motel entered into an agreement to host the National Building Suppliers Convention in June of next year. The motel expects to earn rental revenue of at least $15,000 from the convention. Required: For each of the above numbered paragraphs, draft a separate adjusting journal entry (including explanation) if the information indicates that an adjusting entry is needed