The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below.

Accounts Debit Credit

Cash $ 8,100

Accounts Receivable 13,100

Prepaid Rent 4,920

Supplies 2,100

Deferred Revenue $ 1,100

Common Stock 11,000

Retained Earnings 4,100

Service Revenue 37,520

Salaries Expense 25,500

$ 53,720 $ 53,720

At year-end, the following additional information is available:

a. The balance of Prepaid Rent, $4,920, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019.

b. The balance of Deferred Revenue, $1,100, represents payment in advance from a customer. By the end of the year, $275 of the services have been provided.

c. An additional $700 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, $2,100, represents the amount of office supplies on hand at the beginning of the year of $750 plus an additional $1,350 purchased throughout 2018. By the end of 2015, only $610 of supplies remains.

8.value:

1.53 pointsRequired information

Required:

1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)