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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 Debit Credit Debit Credit Supplies 1,550 3,050 Prepaid Insurance 6,200 4,650 Salaries Payable 10,100 15,100 Deferred Revenue 2,100 1,050 The following information also is known: a. Purchases of supplies in December total $3,600. b. No insurance payments are made in December c. $10,100 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $3,150 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.) the first account field.) View transaction list Journal entry worksheet
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