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?The December 3 1 , 2 0 2 4 , ?unadjusted trial balance for Demon Deacons Corporation is presented below. At year - end, the
?The December ?unadjusted trial balance for Demon Deacons Corporation is presented below.
At yearend, the following additional information is available:
The balance of Prepaid Rent, $ ?represents payment on October ?for rent from November ?to April
The balance of Deferred Revenue, $ ?represents payment in advance from a customer. By the end of the year, $ ?of the
services have been provided.
An additional $ ?in salaries is owed to employees at the end of the year but will not be paid until January
The balance of Supplies, $ ?represents the amount of office supplies on hand at the beginning of the year of $ ?plus an
additional $ ?purchased throughout ?By the end of ?only $ ?of supplies remains.
Required:
Update account balances for the yearend information by recording any necessary adjusting entries. No prior adjustments have
been made in
Prepare an adjusted trial balance as of December
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