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icrosoft Edge to make sure your favorite sites work Update my settings Explore Microsoft Edge work Saved Help Save & Exit Check my 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 Accounts Debit Credit Cash $10,000 Accounts Receivable 15,000 Prepaid Rent 7,200 Supplies 4,000 Deferred Revenue Common Stock Retained Earnings Service Revenue $ 3,000 11,000 6,000 51,200 Salaries Expense 35,000 $71,200 $71,200 At year-end, the following additional information is available 1. The balance of Prepaid Rent, $7,200, represents payment on October 31, 2021, for rent from November 1.2021, to April 30, 2022. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the year, $750 of the services have been provided. 3. An additional $700 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, $4,000, represents the amount of office supplies on hand at the beginning of the year of $1,700 plus an additional $2,300 purchased throughout 2021. By the end of 2021, only $800 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, 2021. DEMON DEACONS CORPORATION Accounts Cash Adjusted Trial Balance December 31, 2021 Debit Credit 30 < Prev 5 of 9 Next > pdf ACCT 2301.600.SU12....pdf For Open file SH
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