The Righter Shoe Store Company prepares monthly financial statements for its bank. The November 30 and December 31, 2021, trial balances contained the following account information: Nov. 30 Dec. 31
Dr. Cr. Dr. Cr.
Supplies 2,300 3,800
Prepaid insurance 6,800 4,900
Salaries payable 14,000 15,800
Deferred rent revenue 3,600 1,800

The following information also is known:

The December income statement reported $2,800 in supplies expense.
No insurance payments were made in December.
$14,000 was paid to employees during December for salaries.
On November 1, 2021, a tenant paid Righter $5,400 in advance rent for the period November through January. Deferred rent revenue was credited.

Required:
a. Using the above information for December, write down the T-accounts.
b. Using the above information, prepare the adjusting entries Righter recorded for the month of December.

For example, the upper right cell shows that if expresso advertises and beantown doesn't advertise, expresso will make a profit of $15 million, and beantown will make a profit of $2 million. assume this is a simultaneous game and that expresso and beantown are both profit-maximizing firms. if expresso decides to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if expresso decides not to advertise, it will earn a profit of $ million if beantown advertises and a profit of $ million if beantown does not advertise. if beantown advertises, expresso makes a higher profit if it chooses . if beantown doesn't advertise, expresso makes a higher profit if it chooses . suppose that both firms start off not advertising. if the firms act independently, what strategies will they end up choosing? expresso will choose to advertise and beantown will choose not to advertise. expresso will choose not to advertise and beantown will choose to advertise. both firms will choose to advertise. both firms will choose not to advertise.