The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2024, trial balances contained the following account information:

	November 30	December 31
Debit	Credit	Debit	Credit
Supplies	3,400		4,900
Prepaid insurance	7,900		5,450
Salaries payable		19,500		16,900
Deferred rent revenue		5,800		2,900

The following information also is known:

1. The December income statement reported $3,900 in supplies expense.
2. No insurance payments were made in December.
3. $19,500 was paid to employees during December for salaries.
4. On November 1, 2024, a tenant paid Righter $8,700 in advance rent for the period November through January. Deferred rent revenue was credited at the time cash was received.

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.
3. 

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Journal entry worksheet 1 2 3 Record the adjusting entry at the end of December for prepaid insurance. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit > Journal entry worksheet 1 2 3 Record the adjusting entry at the end of December for prepaid insurance. Note: Enter debits before credits. Date December 31, 2024 General Journal Debit Credit >