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The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. At year-end, the following additional information is available:

The balance of Prepaid Rent, $5,640, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022.

The balance of Deferred Revenue, $1,700, represents payment in advance from a customer. By the end of the year, $425 of the services have been provided. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2022.

The balance of Supplies, $2,700, represents the amount of office supplies on hand at the beginning of the year of $1,050 plus an additional $1,650 purchased throughout 2021. By the end of 2021, only $670 of supplies remains.

Prepare an adjusted trial balance as of December 31, 2021.

Prepare an adjusted trial balance as of December 31, 2021.

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 $ 8,700 13,700 5,640 2,700 Accounts Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense $ 1,700 11,000 4,700 41,840 28,500 $59, 240 $59,240 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,640, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. 2. The balance of Deferred Revenue, $1,700, represents payment in advance from a customer. By the end of the year, $425 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, $2,700, represents the amount of office supplies on hand at the beginning of the year of $1,050 plus an additional $1,650 purchased throughout 2021. By the end of 2021, only $670 of supplies remains. Required: Show

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