to2 Required information Exercise 3-14A Prepare an adjusted trial balance (L03-3, 3-4) The following information applies to the questions displayed below) The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Account Debit Credit Cash $10,000 Accounts Receivable 15,000 Prepaid Rent 7,200 Supplies 4.000 Deferred Revenge $3,000 Common stock 31,000 Retained Earnings 6,000 Service Revenge 51,200 salaries Expanse 35,000 $71,200 571,200 At year-end, the following additional information is available: 1. The balance of Prepaid Rent: $7,200, represents payment on October 31, 2021, for rent from November 1, 2021, to April 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the year, $750 of the services have been provided. 3. An additional $700 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. $4,000, represents the amount of office supplies on hand at the beginning of the year of $400 plus an additional $2,300 purchased throughout 2021. By the end of 2021, only $800 of supplies remains. Exercise 3-14A Part 1 Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2021, i no entry is required for a particular transaction/event, select "No Journal Entry Required in the first Part 1 of 2 Exercise 3-14A Part 1 Required: 1. Update account balances for the year-end Information by recording any necessary adjusting entries. No prior been made in 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Require account field. Do not round intermediate calculations.) eBook Hint View transaction list Print Journal entry worksheet 1 References Record the adjusting entry for rent on December 31. Note Enter debits before credits General Journal Debit Credit Dato December 31 Cash Prepaid Rent Supplies Record entry Clear entry View general Journal Part 1 of 2 Exercise 3-14A Part 1 Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustmen been made in 2021 (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the account field. Do not round Intermediate calculations.) Book Hint View transaction list Print Journal entry worksheet