The following transactions occurred during December 31, 2021, for the Falwell Company. A three-year fire insurance policy was purchased on July 1, 2021, for $9,000. The company debited insurance expense for the entire amount. Depreciation on equipment totaled $10,000 for the year. Employee salaries of $12,000 for the month of December will be paid in early January 2022. On November 1, 2021, the company borrowed $100,000 from a bank. The note requires principal and interest at 12% to be paid on April 30, 2022. On December 1, 2021, the company received $3,300 in cash from another company that is renting office space in Falwellâs building. The payment, representing rent for December, January, and February was credited to deferred rent revenue. On December 1, 2021, the company received $3,300 in cash from another company that is renting office space in Falwellâs building. The payment, representing rent for December, January, and February was credited to rent revenue rather than deferred rent revenue for $3,300 on December 1, 2021.

Required:
Prepare the necessary adjusting entries for each of the above situations.