Chapter 3-Homework 175 pom Mc 4 The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below Accounts Debst Cash 19,000 Accounts Receivable) 14,000 Prepaid Rent 6,000 Supplies 3,000 Deferred Bevenue $2,000 Comon Stock 30,000 Hetained Earnings 5,000 He Service Revenue 45,000 salaries Expense Prin 10,000 143,000 162,000 Check my work At year end, the following additional information is available 1 The balance of Prepaid Rent, $6,000, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025 2. The balance of Deferred Revenue. $2,000, represents payment in advance from a customer By the end of the year, $500 of the services have been provided 3. An additional $600 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, $3,000, represents the amount of office supplies on hand at the beginning of the year of $1,200 plus an additional $1,800 purchased throughout 2024. By the end of 2024 only $700 of supplies remains Required: 1. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have heen marte in 2024 < Prev 4 of 8 Next >