adjusting entries Seved 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. Credit Accounts Debit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,52 Supplies 2,600 Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense 28,eee $58,320 $ 1,600 12,000 4,600 40,120 $58,320 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,520, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $1,600, represents payment in advance from a customer. By the end of the year, $400 of the services have been provided. 3. An additional $500 in salaries is owed to emplovees at the end of the vear but will not be paid until January 4, 2022 Types of listening hapter 3 adjusting entries 3. An additional $500 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2012 4. The balance of Supplies, $2,600, represents the amount of office supplies on hand at the beginning of the year of $1,000 plus an additional $1,600 purchased throughout 2021. By the end of 2021, only $660 of supplies remains 2. Prepare an adjusted trial balance as of December 31, 2021. eBook References DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,520 Supplies 2,600 Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals $ 30,320 $ 1,600 12,000 4,600 40.120: 58,320 adjusting entries Seved 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. Credit Accounts Debit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,52 Supplies 2,600 Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense 28,eee $58,320 $ 1,600 12,000 4,600 40,120 $58,320 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,520, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $1,600, represents payment in advance from a customer. By the end of the year, $400 of the services have been provided. 3. An additional $500 in salaries is owed to emplovees at the end of the vear but will not be paid until January 4, 2022 Types of listening hapter 3 adjusting entries 3. An additional $500 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2012 4. The balance of Supplies, $2,600, represents the amount of office supplies on hand at the beginning of the year of $1,000 plus an additional $1,600 purchased throughout 2021. By the end of 2021, only $660 of supplies remains 2. Prepare an adjusted trial balance as of December 31, 2021. eBook References DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,520 Supplies 2,600 Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals $ 30,320 $ 1,600 12,000 4,600 40.120: 58,320
