The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below. Accounts Debit Credit Cash $8,300 Accounts Receivable 13,300 Prepaid Rent 5,160 Supplies 2,300 Deferred Revenue $1,300 Common Stock 12,000 Retained Earnings 4,300 Service Revenue 37,960 Salaries Expense 26,500 $55,560 $55,560 At year-end, the following additional information is available: The balance of Prepaid Rent, $5,160, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025. The balance of Deferred Revenue, $1,300, represents payment in advance from a customer. By the end of the year, $325 of the services have been provided. An additional $500 in salaries is owed to employees at the end of the year but will not be paid until January 4, 2025. The balance of Supplies, $2,300, represents the amount of office supplies on hand at the beginning of the year of $850 plus an additional $1,450 purchased throughout 2024. By the end of 2024, only $630 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