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(Please explain how to solve this problem if the right answers werent there, especially the answers that need calculations)

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

Accounts	Debit	Credit
Cash	$9,500
Accounts Receivable	14,500
Prepaid Rent	6,600
Supplies	3,500
Deferred Revenue		$2,500
Common Stock		12,000
Retained Earnings		5,500
Service Revenue		46,600
Salaries Expense	32,500
	$66,600	$66,600

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

1. The balance of Prepaid Rent, $6,600, represents payment on October 31, 2024, for rent from November 1, 2024, to April 30, 2025.

2. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the year, $625 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, $3,500, represents the amount of office supplies on hand at the beginning of the year of $1,450 plus an additional $2,050 purchased throughout 2024. By the end of 2024, only $750 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.

The December 31, 2024, unadjusted trial balance for Demon Deacons Corporation is presented below. At year-end, the following additional information is available: 1. The balance of Prepaid Rent, $6,600, represents payment on October 31,2024 , for rent from November 1,2024 , to April 30,2025. 2. The balance of Deferred Revenue, $2,500, represents payment in advance from a customer. By the end of the year, $625 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, $3,500, represents the amount of office supplies on hand at the beginning of the year of $1,450 plus an additional $2,050 purchased throughout 2024 . By the end of 2024 , only $750 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. Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been made in 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in thr first account field. Do not round intermediate calculations.) Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance as of December 31, 2024