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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November
Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November 30 December 31 Supplies Prepaid Insurance Salaries Payable Deferred Revenue Debit Credit Debit Credit 1,550 6,200 3,050 10,100 4650 15,100 1,050 2,100 The following information also is known a. Purchases of supplies in December total $3,600 b. No insurance payments are made in December c. 510,100 is paid to employees during Decamber for November salaries d. On November 1, a tenant pays Golden Eagle S3,150 in advance rent for the period November through January Deferred Revenue is credited Required: Show the a sing en es hat were made or supp es prepaid insurance sala es payable, and deferred revenue on December 31 lf no entry is required or a ansaction even select o Jou ma Entry Required in the rst account field Journal entry worksheet Note: Enter debits before credits Transaction General Journal Debit Credit a. Record entry Clear entry View general jourmal View transaction list Journal entry worksheet Record the adjustment for insurance. Note: Enter debits before credits. Transaction General Journal Debit Credit b. Record entry Clear entry View general journal View transaction list Journal entry worksheet the adjustment for sa Note: Enter debits before credits. Transaction General Journal Debit Credit C. Record entry Clear entry View general journal View transaction list Journal entry worksheet Record the adjustment for revenue earned Note: Enter debits before credits. Transaction General Journal Debit Credit d. Record entry Clear entry View general journal
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