The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $9,700 Accounts Receivable 14,700 Prepaid Rent 6,840 Supplies 3,700 Deferred Revenue $2,700 Common Stock 11,000 Retained Earnings 5,700 Service Revenue 49,040 Salaries Expense 33,500 $68,440 $68,440 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $6,840, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025. 2. The balance of Deferred Revenue, $2,700, represents payment in advance from a customer. By the end of the year, $675 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, $3,700, represents the amount of office supplies on hand at the beginning of the year of $1,550 plus an additional $2,150 purchased throughout 2024. By the end of 2024, only $770 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. orksheet 1 2 3 4 The balance of Prepaid Rent, $6,840, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025. Record the adjusting entry on December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 > Record entry Clear entry View general journal Journal entry worksheet 2 3 4 The balance of Deferred Revenue, $2,700, represents payment in advance from a customer. By the end of the year, $675 of the services have been provided. Record the adjusting entry on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit > Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 4 An additional $700 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2025. Record the adjusting entry on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry Journal entry worksheet > 1 2 3 4 The balance of Supplies, $3,700, represents the amount of office supplies on hand at the beginning of the year of $1,550 plus an additional $2,150 purchased throughout 2024. By the end of 2024, only $770 of supplies remains. Record the adjusting entry on December 31. Note: Enter debits before credits. Date December 31 General Journal Debit Credit View general journal Record entry Clear entry