The following information also is known: a. The December income statement reported $3,500 in supplies expense. b. No insurance payments were made in December. c. $17,500 was paid to employees during December for salaries. d. On November 1, 2024, a tenant paid Righter $7,500 in advance rent for the period November through January. Deferred rent revenue was credited at the time cash was received. Required: 1. Using the above information for December, complete the T-accounts 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. Complete this question by entering your answers in the tabs below. Journal entry worksheet Record the adjusting entry at the end of December for prepaid insurance. Note: Enter debits before credits