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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. Accounts Debit Credit Cash $ 8,200 Accounts Receivable 13,200 Prepaid Rent 5,840 Supplies 2,200 Deferred Revenue $ 1,200 Conmon Stock 10,000 Retained Earnings 4,200 Service Revenue 39,240 Salaries Expense 26,000 $54,640 $54,640 At year-end, the following additional Information is available: 1. The balance of Prepaid Rent, $5,040, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022 2. The balance of Deferred Revenue, $1,200, represents payment in advance from a customer. By the end of the year, $300 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, $2,200, represents the amount of office supplies on hand at the beginning of the year of $800 plus an additional $1,400 purchased throughout 2021. By the end of 2021, only $620 of supplies remains. 2. Prepare an adjusted trial balance as of December 31, 2021. DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2021 Accounts Debit Credit Cash $ $ Accounts Receivable 8,200 13,200 ces $ 900 600 Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals 10,000 4,200 $ $ 21,400 $ 15,700