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Golden Eagle Company has the following balances at the end of November: November 30 Debit Credit Supplies $1,150 Prepaid Insurance 4,600 Salaries Payable $9,300 Deferred
Golden Eagle Company has the following balances at the end of November: November 30 Debit Credit Supplies $1,150 Prepaid Insurance 4,600 Salaries Payable $9,300 Deferred Revenue 0 The following information is known for the month of December: Purchases of supplies for cash during December were $2,800. Supplies on hand at the end of December equal $2,650. No insurance payments are made in December. Insurance expired in December is $1,150. November salaries payable of $9,300 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,300. On December 1, Golden Eagle received $1,950 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided
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