The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Credit Debit Cash $8,000 Accounts 13,000 Receivable Prepaid Rent 4,800 Supplies 2,000 Deferred $1,000 Revenue Common Stock 12,000 Retained Earnings 4,000 Service Revenue Salaries 35,800 25,000 Expense $52,800 $52,800 At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $4,800, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025. 2. 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. 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, $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. 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. Answer is not complete. Complete this question by entering your answers in the tabs below. Required Required 1 2 Prepare an adjusted trial balance as of December 31, 2024. DEMON DEACONS CORPORATION Adjusted Trial Balance Accounts December 31, 2024 Debit Cash Accounts Receivable Prepaid Rent Supplies Deferred Revenue Salaries Payable Common Stock Retained Earnings Service Revenue Salaries Expense Rent Expense Supplies Expense Totals Credit 0 0