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. Accounts Debit Credit Cash $10,000 Accounts Receivable 15,000 Prepaid Rent 7,200 Supplies 4,000 Deferred Revenue $ 3,000 Common Stock 11,000 Retained Earnings 6,000 Service Revenue $1,200 Salaries Expense 35.000 $71,200 ,20 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 S700 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 51700 plus an additional $2,300 purchased throughout 2021. By the end of 2021, only $806 of 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 field. Do not round Intermediate calculations.)