The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Cash Debit $8,400 Credit Accounts Receivable 13,400 Prepaid Rent 5,280 Supplies 2,400 Deferred Revenue $1,400 Common Stock 11,000 Retained Earnings 4,400 Service Revenue 39,680 Salaries Expense 27,000 $56,480 $56,480 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $5,280, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025. 2. The balance of Deferred Revenue, $1,400, represents payment in advance from a customer. By the end of the year, $350 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, $2,400, represents the amount of office supplies on hand at the beginning of the year of $900 plus an additional $1,500 purchased throughout 2024. By the end of 2024, only $640 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare an adjusted trial balance as of December 31, 2024. DEMON DEACONS CORPORATION Adjusted Trial Balance December 31, 2024 Accounts Debit Credit Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals $ 0 $ 0