The following information is known for the month of December: 1. Purchases of supplies during December total $3,100. Sup

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The Following Information Is Known For The Month Of December 1 Purchases Of Supplies During December Total 3 100 Sup 1 (44.98 KiB) Viewed 16 times

The following information is known for the month of December: 1. Purchases of supplies during December total $3,100. Supplies on hand at the end of December equal $2,800 2. No insurance payments are made in December. Insurance cost is $1,300 per month. 3. November salaries payable of $9,600 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,600. 4. On November 1, a tenant paid Golden Eagle $2,400 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount. 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 particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list 1 Journal entry worksheet 1 2 3 4 Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. Credit General Journal Date December 31 View general Journal Clear entry K nces Record entry Debit