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1 The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following
1 The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following account information: Dec. 31 Dr. 1,588 6,860 Cr 6.66 points Supplies Prepaid insurance Salaries and wages payable Deferred rent revenue Dr. 3,ee0 4,580 18,800 2,880 15,00 1,800 elook Hint Print The following information also is known Referencesa. The December income statement reported $2,000 in supplies expense b. No insurance payments were made in December. c $10,000 was paid to employees during December for salaries and wages d. On November 1. 2018, a tenant paid Righter $3,000 in advance rent for the period Novenbier theough January Deferred rent revenue was credited Required: 1. Using the above information for December, complete the T.accounts below The begianing balorices shouldt he the balances as of November 30 2. Using the above information prepare the adjusting entries Righter recorded for the monas of Decernber. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30
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