The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below. At year-end, the following additional information is avalable: 1. The balance of Prepaid Rent, $6,600, represents payment on October 31, 2024, for rent from November 1. 2024, to April 30, 2025. 2. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the year, $625 of the services have been provided. 3. An additional $500 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, $3,500, represents the amount of office supplies on hand at the beginning of the year of $1,450 plus an additional $2,050 purchased throughout 2024 . By the end of 2024, orly $750 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