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Required information (The following information applies to the questions displayed below.) The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Credit Debit $ 9,000 14,000 6,000 3,000 Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 2,000 10,000 5,000 45,000 30,000 $ 62,000 $ 62,000 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $6,000, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $2,000, represents payment in advance from a customer. By the end of the year, $500 of the services have been provided. 3. An additional $600 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, $3,000, represents the amount of office supplies on hand at the beginning of the year of $1,200 plus an additional $1,800 purchased throughout 2021. By the end of 2021, only $700 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, 2021. Credit DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Cash $ 9,000 Accounts Receivable 14,000 Prepaid Rent 6,000 Supplies 2,300 Deferred Revenue $ Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense 30,000 Rent Expense 2,000 Supplies Expense 30,000 Totals $ 93,300 $ 2,000 600 10,000 5,000 45,000 62,600

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