Exercise 3-7A Record adjusting entries (LO3-3) Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information: Supplies Prepaid Insurance Salaries Payable Deferred Revenue November 30 Debit Credit $1,500 6,000 $10,000 2,000 The following information is known for the month of December: 1. Purchases of supplies during December total $3,500. Supplies on hand at the end of December equal $3,000. 2. No insurance payments are made in December. Insurance cost is $1,500 per month. 3. November salaries payable of $10,000 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,000. 4. On November 1, a tenant paid Golden Eagle $3,000 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount. Required: Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for insurance on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for salaries on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal Journal entry worksheet Record the adjusting entry for tenants who paid rent in advance. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal