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

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Accounting

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The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below At year-end, the following additional information is avallable: 1. The balance of Prepald Rent. \$5,880, represents payment on October 31, 2024, for rent from November 1, 2024, 10 Apri 30,2025 2. The balance of Deferred Revenue, $1,900, repiesents payment in advance from a customer. By the end of the year, $475 of the services have been provided. 3. An additional $500 in salaties is owed to empioyees at the end of the year but will not be paid until January 4, 2025. 4. The balance of Supplies, $2.900, represents the amornt of office supplies on hand at the beginning of the yoar of $150 plus an additional $1,750 purchased throughout 2024 , Ey the end of 2024 , only $690 of supplies remains. Required: 1. Update occount balances for the year-end information by recording any necessary adjusting entries. No prior adjustments hawe besen made in 2024. 2. Prepare an adjusted trial balance as of December 31,2024

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