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Required Information Exercise 3-14A Prepare an adjusted trial balance (L03-3, 3-4) [The following information applies to the questions displayed below.) The December 31, 2021, unadjusted
Required Information Exercise 3-14A Prepare an adjusted trial balance (L03-3, 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. Credit Debit $ 9,600 14,600 6, 720 3,600 Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 2,600 10,000 5,600 49,320 33,000 $67,520 $67,520 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $6,720, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $2,600, represents payment in advance from a customer. By the end of the year, $650 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, $3,600, represents the amount of office supplies on hand at the beginning of the year of $1,500 plus an additional $2,100 purchased throughout 2021. By the end of 2021, only $760 of supplies remains. Exercise 3-14A Part 2 Exercise 3-14A Part 2 2. Prepare an adjusted trial balance as of December 31, 2021. Credit DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue med Salaries Expense ww Rent Expense Supplies Expense Totals Prey
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