The December 31, 2024, unadjusted trial balance for a company is presented below.

Accounts	Debit	Credit
Cash	$8,000
Accounts Receivable	13,000
Prepaid Rent	4,800
Supplies	2,000
Deferred 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:

The balance of Prepaid Rent, $4,800, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025.

The balance of Deferred Revenue, $1,000, represents payment in advance from a customer. By the end of the year, $250 of the services have been provided.

An additional $500 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, $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 2024. By the end of 2024, only $600 of supplies remains.

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.