3 Due 02/20/24\ Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not it\ At year-end, the following additional information is available:\ The balance of Prepaid Rent,

$7,200

, represents payment on October 31,2024 , for rent from November 1,2024 , to April

30,2025

.\ The balance of Deferred Revenue,

$3,000

, represents payment in advance from a customer. By the end of the year,

$750

of the services have been provided.\ An additional

$700

in salaries is owed to employees at the end of the year but will not be paid until January

4,2025

.\ The balance of Supplies,

$4,000

, represents the amount of office supplies on hand at the beginning of the year of

$1,700

plus an additional

$2,300

purchased throughout 2024 . By the end of 2024 , only

$800

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 2024.\ Prepare an adjusted trial balance as of December 31, 2024.\ Answer is not complete.\ Complete this question by entering your answers in the tabs below.\ Required 2\ Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2024. (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.)\ Prey\ 4 of 7\ Next

At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $7,200, represents payment on October 31,2024 , for rent from November 1,2024 , to April 30,2025. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the year, $750 of the services have been provided. 3. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4,2025. 4. The balance of Supplies, $4,000, represents the amount of office supplies on hand at the beginning of the year cif $1,700 plus an additional $2,300 purchased throughout 2024 . By the end of 2024 , only $800 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 2024. 2. Prepare an adjusted trial balance as of December 31, 2024. Answer is not complete. Complete this question by entering your answers in the tabs below. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $7,200, represents payment on October 31,2024 , for rent from November 1,2024 , to April 30,2025. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the year, $750 of the services have been provided. 3. An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4,2025. 4. The balance of Supplies, $4,000, represents the amount of office supplies on hand at the beginning of the year cif $1,700 plus an additional $2,300 purchased throughout 2024 . By the end of 2024 , only $800 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 2024. 2. Prepare an adjusted trial balance as of December 31, 2024. Answer is not complete. Complete this question by entering your answers in the tabs below. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the