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The following information is known for the month of December: 1. Purchases of supplies for cash during December were $3,900. Supplies on hand at the

The following information is known for the month of December: 1. Purchases of supplies for cash during December were $3,900. Supplies on hand at the end of December equal $3,200. 2. No insurance payments are made in December. Insurance expired in December is $1,700. 3. November salaries payable of $10,400 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,400. 4. On December 1, Golden Eagle received $3,600 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided. Required: For each item, (a) record any transaction during the month of December, and (b) prepare the related December 31 year-end adjusting entry. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No A B C Transaction 1(a) 1(b) 2(a) Supplies Cash Salaries Payable Insurance Expense Cash Deferred Revenue General Journal Debit 10,400 1,500 Credit 1,700 1,700 Check my work 10,400 1,500
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The following information is known for the month of December: 1. Purchases of supplies for cash during December were $3,900. Supplies on hand at the end of December equal $3,200. 2. No insurance payments are made in December. Insurance expired in December is $1,700. 3. November salaries payable of $10,400 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,400. 4. On December 1, Golden Eagle received $3,600 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided. Required: For each item, (a) record any transaction during the month of December, and (b) prepare the related December 31 year-end adjusting entry. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) The following information is known for the month of December: 1. Purchases of supplies for cash during December were $3,900. Supplies on hand at the end of December equal $3,200. 2. No insurance payments are made in December. Insurance expired in December is $1,700. 3. November salaries payable of $10,400 were paid to employees in December. Additional salaries for December owed at the end of the year are $15,400. 4. On December 1, Golden Eagle received $3,600 from a customer for rent for the period December through February. By the end of December, one month of rent has been provided. Required: For each item, (a) record any transaction during the month of December, and (b) prepare the related December 31 year-end adjusting entry. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.)

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