Golden Eagle Company prepares monthly financial statements for its bank. The November 30 and December 31 adjusted trial balances include the following account information:30-Nov 31-Decdebit credit debit creditsupplies $ 2,000 $ 3,500 prepaid Insurance $ 8,000 $ 6,000 salaries payable $ 11,000 $ 16,000unearned revenue $ 3,000 $ 1,500The following information also is known:1. Purchases of supplies in December total $4,500.2. No insurance payments are made in December. 3. $11,000 is paid to employees during December for November salaries. 4. On November 1, a tenant pays Golden Eagle $4,500 in advance rent for the period November through January. Unearned Revenue is credited. Required:Show the adjusting entries that were made for supplies, prepaid insurance, salaries payable, and unearned revenue on December 31.
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