The following information is available for CEC company for the year ended December 31, 2013

1. A three year insurance policy was purchased on July 1, 2012, for $24000

2. On April 1, 2013, CEC lent a supplier $20,000 and a note was signed requiring prinicipal and interest to be paid on March 31, 2014. As of December 31, 2013, $750 of interest is owed on the note.

3. CEC owes $800 for December Utilities. Payment will be made in early 2014

4. On November 15, 2013, CEC received $7000 in cash from another company that is renting office space in CEC's building. The payment, representing rent for December and January, was recorded as "Unearned rent revenue".

5. CEC began 2013 with $2000 in its supplies account. During the year $7500 of supplies were purchased. At December 31, 2013, supplies costing $2500 remain on hand.

6. Employee wages of $10,000 for the month of December will be paid in Jan 2014

7. On June 1, 2013, CEC burrowed $40,000 from a bank to purchase a new delivery truck. Prinicpal and interest on the note will be paid on May 31, 2014. As of December 31, 2013, $1800 of interest is owed on the note.

8. customers owed CEC $9000 for service performed in 2013 at December 31, 2013.

9. Depreciation on equipment totaled $12000 for the year.

Prepare the necessary adjusting journal entries. Assume no adjusting entries have been made during the year. Indicated whether the adjusting entry is an accural or deferral.