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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: November 30 Debit Credit

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information:

November 30
Debit Credit
Supplies $ 1,850
Prepaid Insurance 7,400
Salaries Payable $ 10,700
Deferred Revenue 2,700

The following information is known for the month of December:

  1. Purchases of supplies during December total $4,200. Supplies on hand at the end of December equal $3,350.

  2. No insurance payments are made in December. Insurance cost is $1,850 per month.

  3. November salaries payable of $10,700 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,700.

  4. On November 1, a tenant paid Golden Eagle $4,050 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.)

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