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Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information: November 30 Debit Credit Supplies $ 1,350 Prepaid Insurance 5,400 Salaries Payable $ 9,700 Deferred Revenue 1,700 The following information is known for the month of December: Purchases of supplies during December total $3,200. Supplies on hand at the end of December equal $2,850. No insurance payments are made in December. Insurance cost is $1,350 per month. November salaries payable of $9,700 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,700. On November 1, a tenant paid Golden Eagle $2,550 in advance rent for the period November through January, and Deferred Revenue was credited for the entire amount.

Golden Eagle Company prepares monthly financial statements for its bank. The November 30 adjusted trial balance includes the following account information: Supplies Prepaid Insurance Salaries Payable Deferred Revenue November 30 Debit Credit $1,350 5,400 $9,700 1,700 The following information is known for the month of December: 1. Purchases of supplies during December total $3,200. Supplies on hand at the end of December equal $2,850. 2. No insurance payments are made in December. Insurance cost is $1,350 per month. 3. November salaries payable of $9,700 were paid to employees in December. Additional salaries for December owed at the end of the year are $14,700. 4. On November 1, a tenant paid Golden Eagle $2,550 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.) 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 Journal entry worksheet 1 2 3 4 Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal

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