The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $ 9,500 Accounts Receivable 14,500 Prepaid Rent 6,600 Supplies 3,500 Deferred Revenue $ 2,500 Common Stock 12,000 Retained Earnings 5,500 Service Revenue 46,600 Salaries Expense 32,500 $ 66,600 $ 66,600 At year-end, the following additional information is available: The balance of Prepaid Rent, $6,600, represents payment on October 31, 2021, for rent from November 1, 2021, to April 30, 2022. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the year, $625 of the services have been provided. An additional $500 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, $3,500, represents the amount of office supplies on hand at the beginning of the year of $1,450 plus an additional $2,050 purchased throughout 2021. By the end of 2021, only $750 of supplies remains. required:
update account balances for the year-end information by recording any necessary adjusting entries. no prior adjustments have been made in 2021. (if no entry is required for a particular transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations.)