I need help with these two partsof the question, please! The folewing infermatio

Question

I need help with these two partsof the question, please! The folewing infermation applies to me questions displayed below Ine Dece ter 31, 2018, nannted bdance for Demon Deacons Corporations prmeted below Suppes Delemed Retained Eamings Salaries Expense s 2200 5200 49,040 13 500 $68.40 $68 440 At year end, the folowing additional information is available a The baance of Prepaid Rent $6840 repesents payment on October 31, 2018, for rent from November t,2018, to Apre 30, 2om b. The balance of Defened evense, $2.roa, r eeerts payment in advance tom a csBy the end of the yex: 67S of the services have been provided n salaries is owed to employees at the end of the year but will not be pald unt januiey 4, 20 ptus an atomonai suso purchased throughout 20. Dy the end of 20u, only Smoot uppnes

Explanation / Answer

Transaction

General Journal

Debit

Credit

Balance of prepaid rent represents payment on october 312018 for rent from Nov to apr 30 2019

a

Rent expense

6840

    Prepaid rent

6840

Balance of deferred revenue represents payment in advance from customer

b

Unearned revenue

675

     Service revenue

675

An additional $700 owned to employed is not paid

c

Salaries expense

700

    Salaries Payable

700

Balance of supplies $3700 represents the amount of office supplies on hand in beginning

d

Supplies expense

2930

    supplies

2930

1550+2150-770

Demon Deacons Corporation

Adjusted trail balance

December 31 2018

Account

Debit

credit

Cash

9700

Accounts receivable

14700

Prepaid rent

0

Supplies

770

Unearned revenue[2700-675]

2025

Salaries Payable

700

common stock

11000

Retained earnings

5700

Service revenue [49040+675]

49715

Salaries expense[33500+700]

34200

Rent expense

6840

Supplies expense

2930

69140

69140

Transaction

General Journal

Debit

Credit

Balance of prepaid rent represents payment on october 312018 for rent from Nov to apr 30 2019

a

Rent expense

6840

    Prepaid rent

6840

Balance of deferred revenue represents payment in advance from customer

b

Unearned revenue

675

     Service revenue

675

An additional $700 owned to employed is not paid

c

Salaries expense

700

    Salaries Payable

700

Balance of supplies $3700 represents the amount of office supplies on hand in beginning

d

Supplies expense

2930

    supplies

2930

1550+2150-770

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