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I need adjusted entries for prepaid insurance and accrued salaries and deferred rent Journal entry worksheet 1 2 3 Record the adjusting entry at the
I need adjusted entries for prepaid insurance and accrued salaries and deferred rent
Journal entry worksheet
Record the adjusting entry at the end of December for prepaid insurance.
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CredittableDecember
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November and December trial balances contained the following account information:
tableNovember December Debit,Credit,Debit,CreditSuppliesPrepaid insurance,Salaries payable,,Deferred rent revenue,,
The following information also is known:
a The December income statement reported $ in supplies expense.
b No insurance payments were made in December.
c $ was paid to employees during December for salaries.
d On November a tenant paid Righter $ in advance rent for the period November through January. Deferred rent revenue was credited at the time cash was received.
Required:
Using the above information for December, complete the Taccounts below. The beginning balances should be the balances as of November
Using the above information, prepare the adjusting entries Righter recorded for the month of December.
Complete this question by entering your answers in the tabs below.
Required
Using the above information, prepare the adjusting entries Righter recorded for the month of December.
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
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