at b ild adjusting entries Saved 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, eee 4,600 40, 12e $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 employees at the end of the year but will not be paid until January 4, 2022 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. DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash $ 8,600 Accounts Receivable 13,600 Prepaid Rent 5,520 Supplies 2,600 Deferred Revenue $ 1,600 Salaries Payable 12,000 Common Stock 4,600 Retained Earnings 40,120 Service Revenue Salaries Expense Rent Expense Supplies Expense Totals $ 30,320 $ 58,320