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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

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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: The following information also is known: a. The December income statement reported $2,900 in supplies expense. b. No insurance payments were made in December. c. $14.500 was paid to employees during December for salaries. d. On November 1, 2024, a tenant paid Righter $5.700 in advance rent for the penod 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. Required 1 | Required 2 Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30 . Required 2 Journal entry worksheet Record the adjusting entry at the end of December for prepaid insurance. Note: Enter debits before credits. 1 Record the adjusting entry at the end of December for prepaid insurance. 2 Record the adjusting entry at the end of December for accrued salaries. 3 Record the adjusting entry at the end of December for deferred rent

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