Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) [The following information applies to the questions displayed below) The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $ 9,000 Accounts Receivable 14,000 Prepaid Rent 6,000 Supplies 3,000 Deferred Revenue $ 2,000 Common Stock 10,000 Retained Earnings 5,000 Service Revenue 45,000 Salaries Expense 30,000 $62,000 $62,000 At year end, the following additional information is available: 1. The balance of Prepaid Rent, $6,000, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $2,000, represents payment in advance from a customer. By the end of the year, $500 of the services have been provided 3. An additional $600 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, $3,000, represents the amount of office supplies on hand at the beginning of the year of $1,200 plus an additional $1,800 purchased throughout 2021 By the end of 2021, only $700 of supplies remains DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash $ 9,000 Accounts Receivable 14,000 Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals $ 23,000 $ $ 0