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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.
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. Ace Debit Credit Cash $ 3.10 Account Receivable 13.500 Prepaid Rent Supplies Deferred Revenge $1,900 Como Stock 12.000 Retained Warnings 4,900 Service Sevence 12,200 Salaries Expense 20,500 $61,010 $61,000 At year-end, the following additional information is available: 1. The balance of Prepaid Rent. $5,880, represents payment on October 31, 2021, for rent from November 1, 2021 to April 2. The balance of Deferred Revenue, $1,900. represents payment in advance from a customer. By the end of the year, $475 of the services have been provided 3. An additional $500 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. $2.900 represents the amount of office supplies on hand at the beginning of the year of $1,150 plus an additional $1750 purchased throughout 2021. By the end of 2021, only $690 of supplies remains 2. Prepare an adjusted trial balance as of December 31, 2021 DENON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Total $
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