Question: ?The December 3 1 , 2 0 2 4 , ?unadjusted trial balance for Demon Deacons Corporation is presented below. At year - end, the

 ?The December 31,2024, ?unadjusted trial balance for Demon Deacons Corporation is
?The December 31,2024, ?unadjusted trial balance for Demon Deacons Corporation is presented below.
At year-end, the following additional information is available:
The balance of Prepaid Rent, $5,520, ?represents payment on October 31,2024, ?for rent from November 1,2024, ?to April 30,2025.
The balance of Deferred Revenue, $1,600, ?represents payment in advance from a customer. By the end of the year, $400 ?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, $2,600, ?represents the amount of office supplies on hand at the beginning of the year of $1,000 ?plus an
additional $1,600 ?purchased throughout 2024. ?By the end of 2024, ?only $660 ?of supplies remains.
Required:
Update account balances for the year-end information by recording any necessary adjusting entries. No prior adjustments have
been made in 2024.
Prepare an adjusted trial balance as of December 31,2024.
presented below. At year-end, the following additional information is available: The balance

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