Answer:
Given Below
Explanation:
<em><u>Golden Eagle Company</u></em>
<em><u>General Journal </u></em>
<em><u>Adjusting Entries December 31st </u></em>
Sr. No Particulars Debit Credit
1. Supplies Expense $ 1000 Dr.
Supplies Account $ 1000 Cr.
The supplies that were at the end of Nov have been used and new supplies purchased are still on hand.
2. Insurance Expense $ 1000 Dr.
Prepaid Insurance 1,000 Cr.
Insurance cost is $1,000 per month. Insurance of $1000 expired during the month of December.
3. Salaries Expense $ 14000 Dr.
Salaries Payable $ 14000 Cr.
Salaries for December owed for December are $14,000.
4. Unearned Revenue $ 500 Dr.
Revenue Earned $ 500 Cr.
Defered Revenue earned at the end of December.
