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2)

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, 57,200 , represents payment on October 31,2024, for rent from November 1,2024, to April30, 2025. 2. The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the yeat, $750 of the services have been provided. 3. An additional $700 in salaries is owed to employees at the end of the year but will not be pald until January 4.2025. 4. The balance of Supplles, $4,000, represents the amount of office supplles on hand at the begining of the year of $1,700 plus an additional $2,300 purchased throughout 2024, By the end of 2024, only $800 of supplies remains. Required: 1. Update account balances for the yeat end information by recording any necessary adjusting entries. No pifor adjustments have been made in 2024. 2. Prepare an adjusted tilal balance as of December 31,2024. 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 particulor transaction/event, select "No Journal Enter Required" in the first account field. Do not round intermediate calculationsi) Journal entry worksheet The balance of Prepaid Rent, $7,200, represents payment on October 31 , 202.4, for rent from November 1, 2024, to April 30, 2025. Record the adjusting entry on December 31. Note Enter debits before credits. 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 the first accotint field. Do not round intermediate calculations.) Journal entry worksheet The balance of Deferred Revenue, $3,000, represents payment in advance from a customer. By the end of the year, $750 of the services have been provided. Record the adjusting entry on December 31. Notei Enter debats before crediks. Update account balances for the year-end information by recording any necessary adjusting entries. No priof adjustments have been made in 2024. (If no entry is required for a particular transactlon/event, select "No Journal Entry Required" In the first account field. Do not round intermediate calculations.) Journal entry worksheet An additional $700 in salaries is owed to employees at the end of the year but will not be pald until lanuary 4,2025 . Record the adjusting entry on December 31. Note: Enter dehits belore cretits: Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have been inade in 2024. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account fleld. Do not round intermediate calculations.) Journal entry worksheet The balance of Supplies, $4,000, represents the amount of office supplies on hand at the beginning of the year of $1,700 plus an additional $2,300 purchased throughout 2024 . By the end of 2024 , only $800 of supplies remains. Record the adjusting entry on December 31 Note: Enter debits before credits. Complete this question by entering your answers in the tabs below. Prepare an adjusted trial balance as of December 31, 2024