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Homework Part 2 Saved The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Cash Debit $ 9,300 Credit
Homework Part 2 Saved The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Cash Debit $ 9,300 Credit Accounts Receivable 14,300 Prepaid Rent 6,360 Supplies 3,300 Deferred Revenue $ 2,300 Common Stock 10,000 Retained Earnings 5,300 Service Revenue 47,160 Salaries Expense 31,500 $64,760 $64,760 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $6,360, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $2,300, represents payment in advance from a customer. By the end of the year, $575 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, $3,300, represents the amount of office supplies on hand at the beginning of the year of $1,350 plus an additional $1,950 purchased throughout 2021. By the end of 2021, only $730 of supplies remains Dennen an diceted trial balance of camber 21 201 Proposal Works....docx < Prev 9 g of 20 Next > Help
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