Problem 3-3B Record adjusting entries (LO3-3) The information necessary for preparing the 2021 year-end adjusting entries for Bearcat Personal Training Academy appears below. Bearcat's fiscal year-end is December 31 . 1. Depreciation on the equipment for the year is $6,900. 2. Salaries earned (but not paid) from December 16 through December 31,2021 , are $3,900. 3. On March 1, 2021, Bearcat lends an employee $19,500. The employee signs a note requiring principal and interest at 8% to be paid on February 28,2022. 4. On April 1, 2021. Bearcat pays an insurance company $13,080 for a two-year fire insurance policy. The entire $13,080 is debited to Prepaid Insurance at the time of the purchase. 5. Bearcat uses $1,650 of supplies in 2021 . 6. A customer pays Bearcat $2,670 on October 31,2021 , for three months of personal training to begin November 1, 2021. Bearcat credits Deferred Revenue at the time of cash receipt. 7. On December 1, 2021, Bearcat pays $5,850 rent to the owner of the buliding. The payment represents rent for December 2021 through February 2022 , at $1,950 per month. Prepaid Rent is debited at the time of the payment. Required: Record the necessary adjusting entries at December 31, 2021. No prior adjustments have been made during 2021. (Do not round intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet A customer pays Bearcat $2,670 on October 31,2021 , for three months of personal training to begin November 1, 2021. Bearcat credits Deferred Revenue at the time of cash receipt. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits. Journal entry worksheet 5 7 On March 1, 2021, Bearcat lends an employee $19,500. The employee signs a note requiring principal and interest at 8% to be paid on February 28, 2022. Record the adjusting entry for interest at its year-end of December 31 . Note: Enter debits before credits