The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below.

Accounts	Debit	Credit
Cash	$9,200
Accounts Receivable	14,200
Prepaid Rent	6,240
Supplies	3,200
Deferred Revenue		$2,200
Common Stock		12,000
Retained Earnings		5,200
Service Revenue		44,440
Salaries Expense	31,000
	$63,840	$63,840

At year-end, the following additional information is available:

1. The balance of Prepaid Rent, $6,240, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025.

2. The balance of Deferred Revenue, $2,200, represents payment in advance from a customer. By the end of the year, $550 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, $3,200, represents the amount of office supplies on hand at the beginning of the year of $1,300 plus an additional $1,900 purchased throughout 2024. By the end of 2024, only $720 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.