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. 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