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The Righter Shoe Store Company prepares monthly financlal statements for its bank. The November 30 and December 31 , 2021, trial balances contalned the following
The Righter Shoe Store Company prepares monthly financlal statements for its bank. The November 30 and December 31 , 2021, trial balances contalned the following account information: The following information also is known: a. The December Income statement reported $3,000 In supplies expense. b. No Insurance payments were made in December. c. $15,000 was pald to employees during December for salarles. d. On November 1, 2021, a tenant pald Righter $6,000 in advance rent for the perlod 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 entrles Righter recorded for the month of December. Requlred: 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 entrles Righter recorded for the month of December. Complete this question by entering your answers in the tabs below. Using the above information for December, complete the T-accounts below. The beginning balances should be the balances as of November 30 . Requlred: 1. Using the above Information for December, complete the T-accounts below. The beginning balances should be the balances as November 30. 2. Using the above Information, prepare the adjusting entrles Righter recorded for the month of December. x Answer is not complete. Complete this question by entering your answers in the tabs below. Using the above information, prepare the adjusting entries Righter recorded for the month of December. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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