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The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following account
The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following account information: Dec. 31 Dr. 3,300 7,800 Cr. Dr. 4,800 5,400 Supplies Prepaid insurance salaries and wages payable Deferred rent revenue 19,000 5,600 16,800 2,800 The following information also is known: a. The December income statement reported $3,800 in supplies expense. b. No insurance payments were made in December. c. $19,000 was paid to employees during December for salaries and wages. d. On November 1, 2018, a tenant paid Righter $8,400 in advance rent for the period November through January. Deferred rent revenue was credited. Complete this question by entering your answers in the tabs below. Required Required 2 Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30. Supplies Prepaid Insurance Beg. Bal. Beg. Bal. End. Bal. End. Bal Salaries and Wages Payable Deferred Rent Revenue Beg. Bal. Beg. Bal. End. Bal End. Bal. Journal entry worksheet Record the adjusting entry at the end of December for prepaid insurance Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018 Record the adjusting entry at the end of December for accrued salaries and wages Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018 Record the adjusting entry at the end of December for deferred rent. Note: Enter debits before credits Date General Journal Debit Credit Dec 31, 2018
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