Question

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:

Answer 1

Solution 1:

Journal Entries
Event	Particulars	Debit	Credit
a	Rent expense Dr	$1,680.00
	To Prepaid rent		$1,680.00
	(To record rent expense)
b	Deferred revenue Dr	$300.00
	To Service revenue		$300.00
	(To record service revenue)
c	Salaries expense Dr	$600.00
	To Salraies payable		$600.00
	(To record salaries expense)
d	Supplies expense Dr	$1,580.00
	To Supplies		$1,580.00
	(To record supplies expense)