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Prepare an adjusted trial balance (LO3-3, 3-4) GL ba bro-saby brass E314 The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense Debit $10,000 15,000 7,200 4,000 35,000 $71,200 Credit $ 3,000 11,000 6,000 51,200 $71,200 At year-end, the following additional information is available: November 1, 2021, to April 30, 2022. 1. The balance of Prepaid Rent, $7,200, represents payment on October 31, 2021, for rent fr 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a custome 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 beginning of the year of $1,700 plus an additional $2,300 purchased throughout 2021. end of 2021, only $800 of supplies remains. on hand at the Required: 1. Update account balances for the year-end information by recording any necessary a entries. No prior adjustments have been made in 2021. 2. Prepare an adjusted trial balance as of December 31, 2021. adjustin

Prepare an adjusted trial balance (LO3-3, 3-4) E3-14 The December 31, 2021, unadjusted trial balance for Demon Deacons Corporabans presented below. At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $7,200, represents payment on October 31, 2021, for rot November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a cust 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 nol paid until January 4,2022. 4. The balance of Supplies, $4,000, represents the amount of office supplies on hand at th beginning of the year of $1,700 plus an additional $2,300 purchased throughout 2021 . end of 2021, only $800 of supplies remains. Required: 1. Update account balances for the year-end information by recording any necessary entries. No prior adjustments have been made in 2021. 2. Prepare an adjusted trial balance as of December 31, 2021

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