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The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below Deblt Credit Cash S 8,300 13,300 5,160 2,300 Prepald Rent Supplles
The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below Deblt Credit Cash S 8,300 13,300 5,160 2,300 Prepald Rent Supplles Deferred Revenue Common Stock Retained Earnings Service Revenue Salarles Expense $ 1300 12,000 4,300 37,960 26,500 $55,560 $55,560 At year-end, the following additional information is available a. The balance of Prepald Rent, $5,160, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019 b. The balance of Deferred Revenue, $1,300, represents payment in advance from a customer. By the end of the year, $325 of the services have been provided c. An additional $500 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2019 d. The balance of Supplies, $2,300, represents the amount of office supplies on hand at the beginning of the year of $850 plus an additional $1,450 purchased throughout 2018. By the end of 2018, only $630 of supplies remains
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