perform journal entries for the following: Record the adjusting entry for rent on December 31. Record the adjusting entry for deferred revenue on December 31. Record the adjusting entry for salaries on December 31. Record the adjusting entry for supplies on December 31.
The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Debit Credit Accounts 8,200 Cash Accounts Receivable 13,200 5,040 Prepaid Rent Supplies Deferred Revenue 2, 200 $ 1,200 10,000 4,200 Common Stock Retained Earnings 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. Date General Journal Debit Credit December 31