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ework Seved The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $ 8,000 Accounts Receivable 13,000
ework Seved The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $ 8,000 Accounts Receivable 13,000 Prepaid Rent 4,800 Supplies 2,000 Deferred Revenue $1,000 Common Stock 12,000 Retained Earnings 4,000 Service Revenue 35,800 Salaries Expense 25,000 $52,800 $52,800 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $4,800, represents payment on October 31, 2021, for rent from November 1, 2021. to April 2. The balance of Deferred Revenue, $1.000, represents payment in advance from a customer. By the end of the year, $250 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, $2,000, represents the amount of office supplies on hand at the beginning of the year of $700 plus an additional $1,300 purchased throughout 2021. By the end of 2021, only $600 of supplies remains. equired: Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have een made in 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first ccount field. Do not round intermediate calculations.) View transaction list Journal entry worksheet 1 4 Record the adjusting entry for rent on December 31. Note: Enter debits before credits Date General Journal Dobit Credit December 31 Rent FANA 4 Anni
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