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 tral 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. Salaries Expanse 30.000 562,000 $62,000 At year-end the following additional information is available: 1. The balance of Prepaid Rent, 56.000, 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 $1800 purchased throughout 2021 By the end of 2021, only $700 or supplies remains Exercise 3-14A Part 1 Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries No prior adjustments have been made in 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account feld. Do not round Intermediate calculations.)