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2 Part 2 of 2 133 points Skipped Required information Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) The following information applies to
2 Part 2 of 2 133 points Skipped Required information Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) The following information applies to the questions displayed below] The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Cesh Accounts Accounts Receivable Prepaid Rent Debit $ 9,900 14,900 7.080 Credit Supplies Deferred Revenue 3,900 $2,900 Common Stock 10,000 Refermaes Retained Earnings 5,900 Service Revenue 51,480 34,500 Salaries Expense $70,280 $70,280 At year-end, the following additional information is available: 1. The balance of Prepaid Rent. $7,080, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $2,900, represents payment in advance from a customer. By the end of the year, $725 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 January 4, 2022. 4. The balance of Supplies, $3,900, represents the amount of office supplies on hand at the beginning of the year of $1,650 plus an additional $2,250 purchased throughout 2021. By the end of 2021, only $790 of supplies remains.
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