Cardon's Boat Yard, Inc., repairs, stores, and cleans boats for the customers. It is completing the accounting process for the year just ended, November 30, 201. The transactions during 2012 have been jornalized and posted. The following data with respect to adjusting entries are available: Cardon's winterized(cleaned and covered) three boats for customers at the end of November, but not record the service for $2,700. On October 1,2012, Cardon's paid $1,200 for the local newspaper for the advertisement to run every Thrusday for 12 weeks. All ads have been run except for three Thrusdays in December to complete the 20-weeks contract. Cardon's borrowed $250,000 at a 12 percent annual interest rate on April 1,2012, to expand its host storage facility. The loan requires Cardon's to pay the interest quarterly until the note is paid in three years. Cardon's paid quarterly interest on July 1 and October 1. The Johnson family paid Carton's $4,500 on November 1, 2012, to store its sailboat for the winter until May 1, 2013. Cardon's credited the full amount to Unearned Storage Revenue on November 1. Cardon's used boat-lifting equipment that cost $220,000; $522,000 was the estimated depreciation for 2012. Boat repair supplies on hand at December 1, 2022, totaled $16,500. Repair supplies purchased and debited to Supplie during the year amounted to $46,000. The year-end count showed $12,000 of the supplies on hand. Wages earned by employees during November 2012, unpaid and unrecorded at November 30, 2012, amounted to $53,800. The next payroll slate will be December5, 2012. Identify each of these transactions revenue, deferred expense, deferred revenue or accrued expense. Prepare the adjusting entries that should be recorded for Cardon's at November 30, 2012. Cardon's Boat Yard, Inc., repairs, stores, and cleans boats for the customers. It is completing the accounting process for the year just ended, November 30, 201. The transactions during 2012 have been jornalized and posted. The following data with respect to adjusting entries are available: Cardon's winterized(cleaned and covered) three boats for customers at the end of November, but not record the service for $2,700. On October 1,2012, Cardon's paid $1,200 for the local newspaper for the advertisement to run every Thrusday for 12 weeks. All ads have been run except for three Thrusdays in December to complete the 20-weeks contract. Cardon's borrowed $250,000 at a 12 percent annual interest rate on April 1,2012, to expand its host storage facility. The loan requires Cardon's to pay the interest quarterly until the note is paid in three years. Cardon's paid quarterly interest on July 1 and October 1. The Johnson family paid Carton's $4,500 on November 1, 2012, to store its sailboat for the winter until May 1, 2013. Cardon's credited the full amount to Unearned Storage Revenue on November 1. Cardon's used boat-lifting equipment that cost $220,000; $522,000 was the estimated depreciation for 2012. Boat repair supplies on hand at December 1, 2022, totaled $16,500. Repair supplies purchased and debited to Supplie during the year amounted to $46,000. The year-end count showed $12,000 of the supplies on hand. Wages earned by employees during November 2012, unpaid and unrecorded at November 30, 2012, amounted to $53,800. The next payroll slate will be December5, 2012. Identify each of these transactions revenue, deferred expense, deferred revenue or accrued expense. Prepare the adjusting entries that should be recorded for Cardon's at November 30, 2012