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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

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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 Payable Deferred Revenue November 30 Debit Credit $1,750 7,000 $10,500 2,500 The following information is known for the month of December: 1. Purchases of supplies during December total $4,000. Supplies on hand at the end of December equal $3,250. 2. No insurance payments are made in December. Insurance cost is $1,750 per month. 3. November salaries payable of $10,500 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,500. 4. On November 1, a tenant paid Golden Eagle $3,750 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.) No General Journal Credit Date December 31 Debit 3,250 x Cash Supplies 3,250 X 2 December 31 Insurance Expense December 31 December 31

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