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16 105 points The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained
16 105 points The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained the following account information Supplies Prepaid insurance Salaries payable Deferred rent revenue eflook Hent The following information also is known Pr Dec. 31 Cr. Dr. 2,600 4,100 7,100 5,050 15,500 4,200 16,100 2,100 References a. The December income statement reported $3,100 in supplies expense. b. No insurance payments were made in December C$15,500 was paid to employees during December for salaries. d. On November 1, 2021, a tenant paid Righter $6.300 in advance rent for the period Novenbes through January. Deferred rent revenue was credited. Required: 1. Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30. 2. Using the above information, prepare the adjusting entries Righter recorded for the month of December Complete this question by entering your answers in the tabs below. Required 1 Required 2
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