VIP VIN 7 Exercise 2-15 (Algo) Cash versus accrual accounting, adjusting entries (LO2-5, 2-6, 2-9] 25 paints 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: eBook Nov. 30 Dr. Cr. 2,900 7,400 17,000 4,800 Supplies Prepaid insurance Salaries payable Deferred rent revenue Dec. 31 Dr. Cr 4,400 5,200 16,400 2,400 Hint Print References The following information also is known: a. The December income statement reported $3,400 in supplies expense. b. No insurance payments were made in December c. $17,000 was paid to employees during December for salaries, d. On November 1, 2021, a tenant paid Righter $7,200 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 Complete this question by entering your answers in the tabs below. Check my work 7 Complete this question by entering your answers in the tabs below. 25 paints 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 eBook Hint Supplies Prepaid Insurance Beg. Bal. Beg. Bal. Print References End. Bal. End, Bali Salaries Payable Deferred Rent Revenue Beg. Bal. Beg. Bal. End. Bal. End. Bal. Required 1 Required 2 > NUK mY WORK 7 View transaction list Journal entry worksheet 25 paints 1 2 3 ^ eBook Record the adjusting entry at the end of December for prepaid insurance. Hint Print References Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2021 Record entry Clear entry View general journal Hint Record the adjusting entry at the end of December for accrued salaries. Print References Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2021 Record entry Clear entry View general journal Check my work 7 View transaction list 25 paints Journal entry worksheet eBook Record the adjusting entry at the end of December for deferred rent. Hint Print References Note: Enter debits before credits. Date General Journal Debit Credit Dec 31, 2021 Record entry Clear entry View general journal