Red River Resort is a hotel that operates on a calendar year basis. Most of its guests

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Red River Resort is a hotel that operates on a calendar year basis. Most of its guests 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, the year-end date.

(a) Salaries earned by employees but not yet recorded or paid amount to $5,600.(b) As of December 31 the resort has earned $9,040 rental revenue from current guests who will not be billed until they are ready to check out.(c) On November 1, a suite of rooms was rented to a corporation for six months at a monthly rental of $2,500. The entire six months' rent of $15,000 was collected in advance and credited to Unearned Rental Revenue. At December 31, the amount of $5,000, representing two months' rent, was considered to be earned.(d) A 60-day bank loan in the amount of $40,000 had been obtained on December 1. No interest has been paid and no interest expense has been recorded. The interest accrued at December 31 is $600.(e) Depreciation on the resort's buildings amounted to $14,600 for the year ended December 31.(f) Depreciation on a station wagon owned by the resort 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 $12,600.(g) On December 31, Red River Resort entered into an agreement to host the Academic Accountants' annual convention in June of next year. The resort expects to earn rental revenue of at least $15,000 from the convention. A deposit of $900 was received and recorded. For each of the above lettered paragraphs, draft a separate adjusting journal entry (including explanation), if the information indicates that an adjusting entry is needed.