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6 The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, balances contained the following
6 The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, balances contained the following account information 833 points eBlock H 110 P References Supplies Prepaid insurance Salaries payable Deferred rent The following information also is known 1,500 3,000 4,500 10,000 2,000 15,000 a. The December income statement reported $2,000 in supplies expense b. No insurance payments were made in December $10,000 was paid to employees during December for salaries d. On November 1, 2021, a tenant paid Righter $3,000 in advance rent for the period November 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. Help Save & C
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