The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and...

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The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2024, balances contained the following account information: November 30 Supplies Prepaid insurance Salaries payable Deferred rent revenue Debit Credit 2,100 December 31 Debit Credit 3,600 6,600 4,800 13,000 3,200 15,600 1,600 The following information also is known: a. The December income statement reported $2,600 in supplies expense. b. No insurance payments were made in December. c. $13,000 was paid to employees during Decemier for salaries. d. On November 1, 2024, a tenant paid Righter $4,800 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 November 30. 2. Using the above information, prepare the adjusting entries Righter recorded for the month of December. The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2024, balances contained the following account information: November 30 Supplies Prepaid insurance Salaries payable Deferred rent revenue Debit Credit 2,100 December 31 Debit Credit 3,600 6,600 4,800 13,000 3,200 15,600 1,600 The following information also is known: a. The December income statement reported $2,600 in supplies expense. b. No insurance payments were made in December. c. $13,000 was paid to employees during Decemier for salaries. d. On November 1, 2024, a tenant paid Righter $4,800 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 November 30. 2. Using the above information, prepare the adjusting entries Righter recorded for the month of December.