Exercise 2-15 (Algo) Cash versus accrual accounting, adjusting entries (LO2-5, 2-6, 2-9) 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: De Supplies Prepaid insurance Salaries payable Deferred rent revenue New. 30 Cr 1,700 6.200 11,000 2,400 Dec. 11 Dr. Cr. 3,200 4.600 15,200 1,200 The following information also is known: a. The December income statement reported $2,200 in supplies expense. b. No insurance payments were made in December c. $11,000 was paid to employees during December for salaries. d. on November 1, 2021, a tenant pold Righter $3,600 in advance rent for the period November through January. Deferred rent revenue was credited Required: 1. Using the above information for December, complete the accounts below. The beginning balances should be the balances as of 2. Using the above information, prepare the adjusting entries Righter recorded for the month of December November 30 Complete this question by entering your answers in the tabs below. Required Required 2 Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of Sad quired Assignment Chec 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 Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30. Prepaid Insurance Supplies 2200 Beg Bal Beg Bai End. Bal End. Bal Deferred Rent Revenue Salaries Payable 11.000 Beg Bal Beg Bal End. Bal End Bal Required 2 > Required Required 2 Using the above information, prepare the adjusting entries Righter recorded for the month of December. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field) View transaction list Journal entry worksheet > 2 3 Record the adjusting entry at the end of December for prepaid insurance. Note Enter debits before credits General Journal Debit Credit Date Dec 31, 2021 View general Journal Record entry Clear entry - Check 5 Required Required Using the above information, prepare the adjusting entries Mighter recorded for the month of December (if no entry is reduired for transaction eventslect 'No journal entry required in the st account field) View transaction et Journal entry worksheet