Business, 16.04.2020 02:54 tesiabrown10

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information: November 30 December 31 Debit Credit Debit Credit Supplies 1,000 2,500 Prepaid Insurance 4,000 3,000 Salaries Payable 9,000 14,000 Deferred Revenue 1,000 500 The following information also is known: a. Purchases of supplies in December total $2,500. b. No insurance payments are made in December. c. $9,000 is paid to employees during December for November salaries. d. On November 1, a tenant pays Golden Eagle $1,500 in advance rent for the period November through January. Deferred Revenue is credited. Required: Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and deferred revenue on December 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and Decembe...

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