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Golden Eagle Company has the following balances at the end of November: The following information is known for the month of December: 1. Purchases of
Golden Eagle Company has the following balances at the end of November: 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. 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.) Journal entry worksheet Purchases of supplies for cash during December were $4,500. Supplies on hand at the end of December equal $3,500. Record the entry made during the month of December. Note: Enter debits before credits
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