Question: please help with this two part question!!! The December 31, 2024, unadjusted account balances for Demon Deacons Corporation are presented below: At year-end, the following

please help with this two part question!!!
please help with this two part question!!! The December 31, 2024, unadjusted
account balances for Demon Deacons Corporation are presented below: At year-end, the
following additional items are available: 1. The balance of Prepaid Rent, $4,800,

The December 31, 2024, unadjusted account balances for Demon Deacons Corporation are presented below: At year-end, the following additional items are available: 1. The balance of Prepaid Rent, $4,800, represents poyment on October 31, 2024, for rent from November 1,2024, to April 30,2025 . 2. The balance of Deferred Revenue, $1,000, represents payment in odvance from a customer. By the end of the year, $250 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 unall January 4. 2025 . 4. The balance of $ upplies, $2,000, consists of $700 of office supplies on hand at the beginning of the year plus an additional $1,300 purchased throughout 2024 , Ey the end of 2024 , only $600 of supplies remains. Required: 1. For each item, determine the accounts to be adjusted on December 31,2024 , the amount of the adjustment and the ending balance. Assume no adjustments were previously mode during the year: 2. Determine ending account balances of all accounts as of December 31,2024 Note: Amounts to be deducted should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. For each item, determine the accounts to be adjusted on December 31,2024 , the amount of the adjustment, and the ending balance. Assume no adjustments were previously made during the year. dunng the year. \begin{tabular}{|l|l|l|} \hline & & \\ \hline 1. & & \\ \hline & & \\ \hline Balancebeforeadjustment & & \\ \hline December31Adjustment & & \\ \hline December31Endingbalance & & \\ \hline 2. & & \\ \hline Balancebeforeadjustment & & \\ \hline December31Adjustment & & \\ \hline December31Endingbalance & & \\ \hline 3. & & \\ \hline \end{tabular} Required 2 Required: 1. For each item, determine the accounts to be adjusted on December 31, 2024, the amount of the adjustment, and the ending balance. Assume no adjustments were previously made during the year: 2. Determine ending account balances of all accounts as of December 31,2024. Note: Amounts to be deducted should be indicated with a minus sign. Complete this question by entering your answers in the tabs below. Determine ending account balances of all accounts as of December 31, 2024

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