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please explain step by step The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021. trial

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The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021. trial balances contained the following account information: Supplies Prepaid insurance Salaries payable Deferred rent revenue Nov. 38 Dr. CP 2. 6,00 14.000 1,0 Dec. 31 Dr. 3,800 4,900 15.BBO 1.B The following information also is known a. The December income statement reported $2,800 in supplies expenses b. No insurance payments were made in December $14000 was paid to employees during December for salaries d. On November 1 2021, a tenant paid Righter $5,400 in advance rent for the period November through January. Deferred rent revenue was credited Required: 1. Using the above information for December, complete the Taccounts below. The beginning balances should be the balances as of November 30 2. Using the above information, prepare the adjusting entries Righter recorded for the month of December

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