1. On November 28,2024 , Shocker received a $4,200 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November 28. 2. On December 1, 2024, the company paid a local radio station $2,640 for 30 radio ads that were to be aired, 10 per month throughout December, January; and February. Prepaid Advertising was debited on December 1 . 3. Employee salaries for the month of December totaling $7,800 will be paid on January 7,2025. 4. On August 31, 2024, Shocker borrowed $68,000 from a local bank. A note was signed with principal and 6% interest to be paid on August 31, 2025