Below are transactions for Wolverine Company during $2024.1.$ On December $1,2024,$ Wolverine received $\backslash (\backslash$$ $2,000\backslash )$ cash from a company that rents office space from Wolverine. The payment, representing rent for December and January, was credited to Deferred Revenue on December $1.2.$ Wolverine purchased a one$-$year property insurance policy on July $1,2024,$ for $\backslash (\backslash$$ $10,800\backslash ).$ The payment was debited to Prepaid Insurance for the entire amount on July $1.3.$ Employee salaries of $\backslash (\backslash$$ $1,000\backslash )$ for the month of December will be paid in early January $2025.4.$ On November $1,2024,$ the company borrowed $\backslash (\backslash$$ $5,000\backslash )$ from a bank. The loan requires principal and interest at $\backslash (12\backslash \%\backslash )$ to be paid on October $30,2025.5.$ Office supplies at the beginning of $2024$ totaled $\backslash (\backslash$$ $800\backslash ).$ On August $15,$ Wolverine purchased an additional $\backslash (\backslash$$ $1,400\backslash )$ of office supplies, debiting the Supplies account. By the end of the year, $\backslash (\backslash$$ $300\backslash )$ of office supplies remains. Required: Record the necessary adjusting entries at December $31,2024,$ for Wolverine Company. You do not need to record transactions made during the year. Assume that no financial statements were prepared during the year and no adjusting entries were recorded. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Do not round intermediate calculations.$)$ Journal entry worksheet $12345$ On December $1,2024,$ Wolverine received $\backslash (\backslash$$ $2,000\backslash )$ cash from a company that rents office space from Wolverine. The payment, representing rent for December and January, was credited to Deferred Revenue on December $1.$ Record the adjusting entry for deferred revenue at its year$-$end of December Note: Enter debits before credits.