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 Cash $ 9,900 Accounts Receivable 14,900 Prepaid Rent 7,080 Supplies 3,900 Deferred Revenue $ 2,900 Common Stock 10,000 Retained Earnings 5,900 Service Revenue 51,480 Salaries Expense 34,500 $ 70,280 $ 70,280 At year end, the following additional information is available The balance of Prepaid Rent, $7,080, represents payment on October 31, Year 1, for rent from November 1, Year 1, to April 30, Year 2 The balance of Deferred Revenue, $2,900, represents payment in advance from a customer By the end of the year, $725 of the services have been provided An additional $600 in salaries is owed to employees at the end of the year but will not be paid until January 4, Year 2 The balance of Supplies, $3,900, represents the amount of office supplies on hand at the beginning of the year of $1,650 plus an additional $2,250 purchased throughout Year 1 By the end of Year 1, only $790 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 Year 1 (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 )

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[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

[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
Cash	$	9,900
Accounts Receivable		14,900
Prepaid Rent		7,080
Supplies		3,900
Deferred Revenue			$	2,900
Common Stock				10,000
Retained Earnings				5,900
Service Revenue				51,480
Salaries Expense		34,500
	$	70,280	$	70,280

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

The balance of Prepaid Rent, $7,080, represents payment on October 31, Year 1, for rent from November 1, Year 1, to April 30, Year 2.
The balance of Deferred Revenue, $2,900, represents payment in advance from a customer. By the end of the year, $725 of the services have been provided.
An additional $600 in salaries is owed to employees at the end of the year but will not be paid until January 4, Year 2.
The balance of Supplies, $3,900, represents the amount of office supplies on hand at the beginning of the year of $1,650 plus an additional $2,250 purchased throughout Year 1. By the end of Year 1, only $790 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 Year 1. (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.)