3 The December 31, 2024, unadjusted account balances for Demon Deacons Corporation are presented below. Accounts 6 Cash Accounts Receivable points Print Prepaid Rent Supplies Deferred Revenue Common Stock Retained Earnings Service Revenue Salaries Expense Balance $8,700 13,700 5,640 2,700 1,700 11,000 4,700 41,840 28,500 At year-end, the following additional items are available: 1. The balance of Prepaid Rent, $5,640, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025. 2. The balance of Deferred Revenue, $1,700, represents payment in advance from a customer. By the end of the year, $425 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, $2,700, consists of $1,050 of office supplies on hand at the beginning of the year plus an additional $1,650 purchased throughout 2024. By the end of 2024, only $670 of supplies remains. Required: 1. For each item, determine the accounts to be adjusted on December 31, 2024, the amount of the adjustment, and the ending balance. Assume no adjustments were previously made during the year. 2. Determine ending account balances of all accounts as of December 31, 2024. Ch 3 6 points Print 1. Required 1 Required 2 For each item, determine the accounts to be adjusted on December 31, 2024, the amount of the adjustment, and the ending balance. Assume no adjustments were previously made during the year. Balance before adjustment December 31 Adjustment December 31 Ending balance 2. Balance before adjustment December 31 Adjustment December 31 Ending balance 3. Account 0 0 0 $ 0 Balance before adjustment $ 0 December 31 Adjustment December 31 Ending balance $ 0 $ 0 4. Balance before adjustment $ 0 December 31 Adjustment December 31 Ending balance $ 0 $ 0 3 Required 1 Required 2 6 points Print Determine ending account balances of all accounts as of December 31, 2024. DEMON DEACONS CORPORATION Adjusted Account Balances December 31, 2024 Accounts Balance Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense < Required 1 Required 2 >