(The following information applies to the questions displayed below.) The December 31, 2018, unadjusted trial balance for Demon Deacons C n is presented below. Debit Credit Cash S 9,800 14,800 6,960 3,800 Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salarles Expense $ 2,800 12,000 5,800 48,760 34,000 $69,360 $69,360 At year-end, the following additional information is available: a. The balance of Prepaid Rent, $6,960, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019. b. The balance of Deferred Revenue, $2,800, represents payment in advance from a customer. By the end of the year, $700 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, $3,800, represents the amount of office supplies on hand at the beginning of the year of $1,600 plus an additional $2,200 purchased throughout 2018. By the end of 2018, only $780 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, 2018 Answer is not complete. DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2018 Debit Credit Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals $ 9,800 14,800 6,960 3,800 $ 2,800 500 2,000 5,800 48,760 34,000 2,320 3,020 $ 67,740 76,820