The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2024, trial balances contained the following account information:

	November 30		December 31
	Debit	Credit	Debit	Credit
Supplies	1,800		3,300
Prepaid insurance	6,300		4,650
Salaries payable		11,500		15,300
Deferred rent revenue		2,600		1,300

The following information also is known:

The December income statement reported $2,300 in supplies expense.

No insurance payments were made in December.

$11,500 was paid to employees during December for salaries.

On November 1, 2024, a tenant paid Righter $3,900 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 T-accounts below. The beginning balances should be the balances as of November 30.

Using the above information, prepare the adjusting entries Righter recorded for the month of December.

\begin{tabular}{|r|r|r|r|} \hline \multicolumn{3}{|c|}{ Supplies } \\ \hline Beginning Balance & 1,800 & & \\ \hline & 3,800 & 2,300 & \\ \hline Ending Balance & 3,300 & & \\ \hline \end{tabular}