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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: Supplies Prepaid insurance Salaries payable Deferred rent revenue Nov. 3e Dr. Cri 3,000 7,500 17,500 5.000 Dec. 31 Dr. Cr 4,500 5,250 16,500 2,500 The following information also is known 6. The December income statement reported $3,500 in supplies expense, b. No insurance payments were made in December c. $17.500 was paid to employees during December for salaries d. on November 1, 2021, o tenant paid Righter $7.500 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 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 Supplies Prepaid Insurance Beg Bal Beg Bal End Bal End: Bal Salaries Payable Deferred Rent Revenue Beg Bal Beg Bal End Bal End Da Required 2 > Journal entry worksheet Record the adjusting entry at the end of December for prepaid insurance. Note: Enter debits before credits General Journal Debit Credit Date Dec 31, 2021 Journal entry worksheet Record the adjusting entry at the end of December for deferred rent. Note: Enter debits before credits. General Journal Debit Date Dec 31, 2021 Credit

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