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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 1,350 2,850 5,400 4,050 9,700 14,700 1,700 850 The following information also is known: a. Purchases of supplies in December total $3,200. b. No insurance payments are made in December. C. $9,700 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $2,550 in advance rent for the period November through January. Deferred Revenue is credited. 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 transaction/event, select "No Journal Entry Required" in the first account field.) Journal entry worksheet 1 2 3 4. Record the adjustment for supplies. Note: Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 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 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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