A company had the following situations in December of the current year. 1. On December 10, the company received a $5,300 payment from a customer and credited deferred service revenue. The services to the customer were completed by December 31. 2. On December 1, the company paid a local radio station $4,600 for 40 radio ads that were to be aired, 20 per month, throughout December and January. Prepaid advertising was debited at the time the advertising was paid. 3. Employee salaries for the month of December totaling $29,000 will be paid on January 7 of next year. 4. On August 31, the company borrowed $75,000 from a local bank. A note was signed with principal and 7% interest to be paid on August 31 of next year. Prepare the necessary adjusting entries at its year-end of December 31 of the current year. No adjusting entries were recorded during the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 1 2 3 4 On December 10, the company received a $5,300 payment from a customer and credited deferred service revenue. The services to the customer were completed by December 31. Note: Enter debits before credits. Transaction 1 General Journal Debit Credit Record entry Clear entry View general journal > Journal entry worksheet < 1 2 3 4 On December 1, the company paid a local radio station $4,600 for 40 radio ads that were to be aired, 20 per month, throughout December and January. Prepaid advertising was debited at the time the advertising was paid. Note: Enter debits before credits. Transaction 2 General Journal Debit Credit Record entry Clear entry View general journal Journal entry worksheet 1 2 3 4 Employee salaries for the month of December totaling $29,000 will be paid on January 7 of next year. Note: Enter debits before credits. Transaction General Journal Debit Credit 3 Record entry Clear entry View general journal Journal entry worksheet < 1 2 3 On August 31, the company borrowed $75,000 from a local bank. A note was signed with principal and 7% interest to be paid on August 31 of next year. Note: Enter debits before credits. Transaction 4 General Journal Debit Credit Record entry Clear entry View general journal >