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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 30December 31 Debit Credit Debit Credit 1,800 7,200 Supplies Prepaid Insurance Salaries Payable Deferred Revenue 3,300 5,400 10,600 2,600 15,600 1,300 The following information also is known: a. Purchases of supplies in December total $4,100 b. No insurance payments are made in December c. $10,600 is paid to employees during December for November salaries d. On November 1, a tenant pays Golden Eagle $3,900 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.)
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