Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals 0 The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Credit Debit $ 9,700 14,700 6,840 3,700 Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 2,700 11,000 5,700 49,040 33,500 $68,440 $68,440 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $6,840, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $2,700, represents payment in advance from a customer. By the end of the year, $675 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, $3,700, represents the amount of office supplies on hand at the beginning of the year of $1,550 plus an additional $2,150 purchased throughout 2021. By the end of 2021, only $770 of supplies remains. 2 4 Record the adjusting entry for rent on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal Record the adjusting entry for deferred revenue on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal Record the adjusting entry for supplies on December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general Journal