Journal Entries $-$ Exercise $4-1($Algo$)$ Record adjusting entries $($LO$4-3)$

Golden Eagle Company has the following balances at the end of the year before any adjustments:

The following additional information is known on December $31$:

Supplies purchased during the year were recorded to the Supplies account. Supplies on hand at the end of December equal

$$5,100.$

Insurance for $12$ months was purchased on September $1$ and recorded to Prepaid Insurance.

Salaries paid for the first $11$ months of the year total $$105,000.$ Salaries for December were $$21,500$ but have not been paid.

On December $1,$ Golden Eagle received $$27,900$ from a customer for rent for the period December through February and

recorded Deferred Revenue at that time. By the end of December, $1$ month of this rent has been provided. Rent provided to other

customers during the year totaled $$81,000.$

Required:

Prepare the adjusting entries for supplies, prepaid insurance, salaries payable, and deferred revenue on December $31.$

Note: If no entry is required for a particular transaction or event, select $"$No Journal Entry Required" in the first account field.