Requlred Information [The following information applies to the questions displayed below.] The December 31, Year 1, unadjusted trial balance for a company is presented below. Accounts Debit Credit $ 8.600 Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue 13,600 5,520 2,60e $ 1.600 Common Stock 12,080 Retained Earnings Service Revenue Salaries Expense 4,600 40,120 28.08e $58,320 $58,320 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,520, represents payment on October 31, Year 1, for rent from November 1, Year 1, to April 30, Year 2 2. The balance of Deferred Revenue, $1,600, represents payment in advance from a customer. By the end of the year. $400 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, Year 2. 4. The balance of Supplies, $2,600. represents the amount of office supplies on hand at the beginning of the year of $1,000 plus an additional $1,600 purchased throughout Year 1. By the end of Year 1, only $660 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, Year 1 Adjusted Trial Balance December 31, Year 1 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 Totals 0 No Date General Journal Debit Credit December 31 Rent Expense 1,840 Prepaid Rent 1,840 Deferred Revenue 400 2 December 31 400 Service Revenue 3 December 31 Salaries Expense 500 Salaries Payable 500 4 December 31 Supplies Expense 1,940 Supplies 1,940