The December 31, 2015, unadjusted trial balance for Demon Deacons Corporation is presented below.

The December 31, 2015, unadjusted trial balance for Demon Deacons Corporation is presented below.

   

Accounts	Debit			Credit
Cash	$	8,000
Accounts Receivable		13,000
Prepaid Rent		4,800
Supplies		2,000
Unearned Revenue				$	1,000
Common Stock					12,000
Retained Earnings					4,000
Service Revenue					35,800
Salaries Expense		25,000
	$	52,800		$	52,800

     

At year-end, the following additional information is available:

     

a.	The balance of Prepaid Rent, $4,800, represents payment on October 31, 2015, for rent from November 1, 2015, to April 30, 2016.
b.	The balance of Unearned Revenue, $1,000, represents payment in advance from a customer. By the end of the year, $250 of the services have been provided.
c.	An additional $500 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2016.
d.	The balance of Supplies, $2,000, represents the amount of office supplies on hand at the beginning of the year of $700 plus an additional $1,300 purchased throughout 2015. By the end of 2015, only $600 of supplies remains.
Required:

1.	Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2015. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
	2. Prepare an adjusted trial balance as of December 31, 2015.