1. update account balances by recording adjusting entries

2. prepare adjusted trial balance

The following information applies to the questions displa The December 31, 2018, unadjusted trial balance for Dem Deblt Credit Accounts Cash Accounts Recelvable Prepald Rent Supplles Deferred Revenue Common Stock Retalned Earnings Service Revenue Salaries Expense $ 8,600 13,600 5,520 2,600 $1,600 12,000 4,600 40,120 28,000 $58,320 $58,320