The December 31, 2018, unadjusted trial balance for Demon Deacons Corporation is presented below $ 8,200 13,200 Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense 5,040 2,200 $ 1,200 10,000 4,200 39,240 26,000 $54,640 $54,640 At year-end, the following additional information is available: At year-end, the following additional information is available: a. The balance of Prepaid Rent, $5,040, represents payment on October 31, 2018, for rent from November 1, 2018, to April 30, 2019 b. The balance of Deferred Revenue, $1,200, represents payment in advance from a customer. By the end of the year, $300 of the services have been provided. c. An additional $600 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, $2,200, represents the amount of office supplies on hand at the beginning of the year of $800 plus an additional $1,400 purchased throughout 2018. By the end of 2018, only $620 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 2018. (If no entry is required for a transaction/event, select "No journal entry required in the first account field.) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Rent expense Prepaid rent