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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
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 $1,200 4,800 $ 9,400 1,400 The following information is known for the month of December: 1. Purchases of supplies during December total $2,900. Supplies on hand at the end of December equal $2,700. 2. No insurance payments are made in December. Insurance cost is $1,200 per month. 3. November salaries payable of $9,400 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,400. 4. On November 1, a tenant paid Golden Eagle $2,100 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.) View transaction list Journal entry worksheet 2 3 4 Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Journal entry worksheet
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