Required information 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. Credit Debit $ 9,400 14,400 6,480 3,400 Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 2,400 11,000 5,400 46,880 32,000 $65, 680 $65, 680 At year-end, the following additional information is available: 1. The balance of Prepaid Rent $6,480, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $2,400, represents payment in advance from a customer. By the end of the year, $600 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, $3,400, represents the amount of office supplies on hand at the beginning of the year of $1,400 plus an additional $2,000 purchased throughout 2021. By the end of 2021, only $740 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, 2021. DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash $ 9,400 14,400 Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals 11,000 5,400 46,880 + $ 57,600 $ 63,280