Question: CAn you also explain how you got the answer in the T-accounts. thank you! The Righter Shoe Store Company prepares monthly financial statements for its

 CAn you also explain how you got the answer in the

T-accounts. thank you! The Righter Shoe Store Company prepares monthly financial statements

for its bank. The November 30 and December 31, 2018, trial balances

CAn you also explain how you got the answer in the T-accounts. thank you!

The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2018, trial balances contained the following account information: Nov. 30 Dec. 31 Cr. Cr. Dr. 1,500 6,000 3,000 4,500 Supplies Prepaid insurance Salaries and wages payable Deferred rent revenue 10,000 2,000 15,000 1,000 The following information also is known a. The December income statement reported $2,000 in supplies expense b. No insurance payments were made in December c. $10,000 was paid to employees during December for salaries and wages d. On November 1, 2018, a tenant paid Righter $3,000 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

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