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Golden Eagle Company has the following balances at the end of November: Supplies Prepaid Insurance Salaries Payable. Deferred Revenue November 30 Debit $2,000 Credit
Golden Eagle Company has the following balances at the end of November: Supplies Prepaid Insurance Salaries Payable. Deferred Revenue November 30 Debit $2,000 Credit 8,000 $11,000 The following information is known for the month of December: 1. Purchases of supplies for cash during December were $4,500. Supplies on hand at the end of December equal $3,500. 2. No insurance payments are made in December. Insurance expired in December is $2,000. 3. November salaries payable of $11,000 were paid to employees in December. Additional salaries for December owed at the end of the year are $16,000. 4. On December 1, Golden Eagle received $4,500 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided. He
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