Question

Required information Exercise 3-14A Prepare an adjusted trial balance (LO3-3, 3-4) The following information applies to the questions displayed below. The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Debit $ 8,400 13,400 5,280 2,400 Accounts Credit Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense 1,400 11,000 4,400 39, 680 27,000 $56,480 $56,480 At year-end, the following additional information is available 1. The balance of Prepaid Rent, $5,280, represents payment on October 31, 2021, for rent from November 1, 2021, 2. The balance of Deferred Revenue, $1,400, represents payment in advance from a customer. By the end of the . An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4 4. The balance of Supplies, $2,400, represents the amount of office supplies on hand at the beginning of the year to April 30, 2022 year, $350 of the services have been provided. 2022 of $900 plus an additional $1,500 purchased throughout 2021. By the end of 2021, only $640 of supplies remains.

Answer 1

Adjusted Trial balance
December 31,2021
	Debit	Credit
Cash	8400
Accounts Receivable	13400
Prepaid Rent	3340		=5280-1940
Supplies	640
Deferred Revenue		1050	=1400-350
Salaries Payable		700
Common Stock		11000
Retained Earnings		4400
Service Revenue		40030	=39680+350
Salaries expense	27700		=27000+700
Rent expense	1940		=5820*2/6
Supplies expense	1760		=2400-640
Totals	57180	57180