22 Part 1 of 2 0.92 points Required information [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $10,000 Accounts Receivable 15,000 Prepaid Rent 7,200 Supplies 4,000 Deferred Revenue $ 3,000 eBook Common Stock 11,000 Retained Earnings 6,000 Service Revenue 51,200 Salaries Expense 35,000 Hint $71,200 $71,200 Print References At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $7,200, represents payment on October 31, 2021, for rent from November 30, 2022. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the en- $750 of the services have been provided. 3. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until Janu 4. The balance of Supplies, $4,000, represents the amount of office supplies on hand at the beginning of t $1,700 plus an additional $2,300 purchased throughout 2021. By the end of 2021, only $800 of supplies Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior a been made in 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required account field. Do not round intermediate calculations.) Required information [The following information applies to the questions displayed below.] The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $10,000 Accounts Receivable 15,000 Prepaid Rent 7,200 Supplies 4,000 Deferred Revenue $ 3,000 Common Stock 11,000 Retained Earnings Service Revenue 6,000 51,200 Salaries Expense 35,000 $71,200 $71,200 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $7,200, represents payment on October 31, 2021, for rent from November 1, 2021, to 30, 2022. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the ye $750 of the services have been provided. 3. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4, 20 4. The balance of Supplies, $4,000, represents the amount of office supplies on hand at the beginning of the year of $1,700 plus an additional $2,300 purchased throughout 2021. By the end of 2021, only $800 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, 2021. DEMON DEACONS CORPORATION Adjusted Trial Balance < Prev 23 of 27 Next >