5 The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Credit Part 1 of 2 $10.000 15.000 7. 200 4.000 Account Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Con Stock Retained Earnings Service Reverse Salaries Expense 34 $ 3.000 11.000 6.000 51.200 35.000 $71.200 371.200 eBook 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 April 2. The balance of Deferred Revenue. $3,000, represents payment in advance from a customer. By the end of the year, $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, 2022 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 References Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Do not round Intermediate calculations.) View transaction list Journal entry worksheet 1 > Record the adjusting entry for rent on December 31. Note: Enter debits before credits Credit Date General Journal December 31 Rent Expense Prepaid Rent Debit 4.800 4.800 Record entry Clear entry View general