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1 month ago

The December 31, 2021, unadjusted trial balance for Demon Deacons Corporation is presented below.

Business

1 answer:

Mariulka [3.1K]1 month ago

8 0

Response:

Date Account Titles & Details Debit Credit

Dec 31 Rental Expense $2,040

($6,120 *2/6)

Rent Paid in Advance $2,040

Dec 31 Unearned Revenue $525

Revenue from Services $525

Dec 31 Wages Expense $700

Wages Payable $700

Dec 31 Expense for Supplies $2,390

($3,100 - $710)

Supplies Inventory $2,390

Demon Deacons Corporation

Adjusted Trial Balance

December 31, 2021

Accounts Debit$ Credit$

Cash 9,100

Accounts Receivable 14,100

Rent Paid in Advance 4,080

Supplies Inventory 710

Unearned Revenue 1,575

Wages Payable 700

Common Stock 11,000

Retained Earnings 5,100

Service Revenue 45,245

Wages Expenses 31,200

Rental Expenses 2,040

Supplies Expenses 2,390

Total $63,620 $63,620

Rent Paid in Advance = 6,120 - 2,040 = 4,080

Supplies = 3,100 - 2,390 = 710

Unearned Revenue = 2,100 - 525 = 1,575

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