The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained the following account information:

	Nov. 30			Dec. 31
	Dr.	Cr.		Dr.	Cr.
Supplies	3,500			5,000
Prepaid insurance	8,000			5,500
Salaries payable		20,000			17,000
Deferred rent revenue		6,000			3,000

The following information also is known:

1. The December income statement reported $4,000 in supplies expense.
2. No insurance payments were made in December.
3. $20,000 was paid to employees during December for salaries.
4. On November 1, 2021, a tenant paid Righter $9,000 in advance rent for the period November through January. Deferred rent revenue was credited.

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.