The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below Cash Accounts...
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The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below Cash Accounts Debit $ 9,500 Credit Accounts Receivable 14,500 Prepaid Ment 6,600 Supplies 3,500 Deferred Revenue $2,500 Common Stock 12,000 Retained Earnings Service Revenue Salaries Expense $66,600 $66,600 5,500 46,600 32,500 At year-end, the following additional information is available: 1. The balance of Prepaid Rent. $6,600, represents payment on October 31, 2021, for rent from November 1, 2021, to April 1 30, 2022. 2. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the year, $625 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, $3,500, represents the amount of office supplies on hand at the beginning of the year of $1,450 plus an additional $2,050 purchased throughout 2021. By the end of 2021, only $750 of supplies remains Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list #3 50 W E $ 94 < Prev B 9 of 20 Next > MacBook Air % 25 ^ 6 R T Y 44 & 48 7 8 00 J 09 DO 9 TW 61 0 O D F G H J K L X C V B N M x The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below Cash Accounts Debit $ 9,500 Credit Accounts Receivable 14,500 Prepaid Ment 6,600 Supplies 3,500 Deferred Revenue $2,500 Common Stock 12,000 Retained Earnings Service Revenue Salaries Expense $66,600 $66,600 5,500 46,600 32,500 At year-end, the following additional information is available: 1. The balance of Prepaid Rent. $6,600, represents payment on October 31, 2021, for rent from November 1, 2021, to April 1 30, 2022. 2. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the year, $625 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, $3,500, represents the amount of office supplies on hand at the beginning of the year of $1,450 plus an additional $2,050 purchased throughout 2021. By the end of 2021, only $750 of supplies remains Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) View transaction list #3 50 W E $ 94 < Prev B 9 of 20 Next > MacBook Air % 25 ^ 6 R T Y 44 & 48 7 8 00 J 09 DO 9 TW 61 0 O D F G H J K L X C V B N M x
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