Exercise $3-7($Algo$)$ Record year$-$end adjusting entries $($LO$3-3)$

Golden Eagle Company has the following balances at the end of November:

November $30$

Debit Credit

Supplies $$1,600$

Prepaid Insurance $6,400$

Salaries Payable $$10,200$

Deferred Revenue $0$

The following information is known for the month of December:

Purchases of supplies for cash during December were $$3,700.$ Supplies on hand at the end of December equal $$3,100.$

No insurance payments are made in December. Insurance expired in December is $$1,600.$

November salaries payable of $$10,200$ were paid to employees in December. Additional salaries for December owed at the end of the year are $$15,200.$

On December $1,$ Golden Eagle received $$3,300$ from a customer for rent for the period December through February. By the end of December, one month of rent has been provided.

Required:

For each item, $($a$)$ record any transaction during the month of December, and $($b$)$ prepare the related December $31$ year$-$end adjusting entry. $($If no entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field.$)$