1 Part 1 of 2 The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Mounta Debit Credit Cash $9.600 Accounts Receivable 14.00 Prepaid Rent 5.720 Supplies 3.600 Deferred Reve $2,600 Common Stock 10.000 Retained Earnings Service Revenge Salaries Expose 32.000 567.520 67.520 10 points Book Hint At year-end, the following additional Information is available: 1. The balance of Prepaid Rent. $6720, represents payment on October 31, 2021, for rent from November 2001 to 30, 2022 2. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the yout $650 of the services have been provided 3. An additional $600 in salaries is owed to employees at the end of the year but will not be paid until Januay 42022 4. The balance of Supplies, $3,600, represents the amount of office supplies on hand at the beginning of the year of $1,500 plus an additional $2.500 purchased throughout 2021 By the end of 2021. only $760 of supplies remains Print References Required: 1. Update account balances for the year and information by recording any necessary adjusting entre No prior austrave been made in 2021. Of no entry is required for a particular transaction/event, select "Ne Journal Entry Required as the first account field. Do not round intermediate calculations.) Vim transaction Journal entry worksheet Net MI G B. 22