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E3-7 Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information:
E3-7 Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: Supplies Prepaid Insurance Salaries Payable Unearned Revenue November 30 Debit Credit 2,000 8,000 11,000 3,000 December 31 Debit Credit 3,500 6,000 16,000 1,500 The following information also is known: a. Purchases of supplies in December total $4,500. b. No insurance payments are made in December. c. $11,000 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January. Unearned Revenue is credited. E3-7 Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: Supplies Prepaid Insurance Salaries Payable Unearned Revenue November 30 Debit Credit 2,000 8,000 11,000 3,000 December 31 Debit Credit 3,500 6,000 16,000 1,500 The following information also is known: a. Purchases of supplies in December total $4,500. b. No insurance payments are made in December. c. $11,000 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January. Unearned Revenue is credited
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