The Mazzanti Wholesale Food Company's fiscal year-end is June 30. The company issues quarterly financial statements requiring the company to prepare adjusting entries at the end of each quarter. Assuming all quarterly adjusting entries were properly recorded, prepare the necessary year-end adjusting entries at the end of June 30, 2016, for the following situations.

1. On December 1, 2015, the company paid its annual fire insurance premium of $6,000 for the year beginning December 1.

2. On August 31, 2015, the company borrowed $80,000 from a local bank. The note requires principal and interest at 8% to be paid on August 31, 2016.

3. Mazzanti owns a warehouse that it rents to another company. On January 1, 2016, Mazzanti collected $24,000 representing rent for the 2016 calendar year.

4. Depreciation on the office building is $20,000 for the fiscal year.

5. Employee salaries and wages for the month of June 2016 of $16,000 will be paid on July 20, 2016.