Consider the following items for Shocker Enterprises:

On November $30,2024,$ Shocker received a $$4,500$ payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was recorded on November $30.$ Revenue for other services during the year provided totaled $$60,000.$

On December $1,2024,$ the company paid a local radio station $$2,700$ for $30$ radio ads to be aired, $10$ per month, throughout December, January, and February. Prepaid Advertising was recorded for the full amount on December $1.$ Shocker had no other advertising during the year.

Employee salaries for the month of December totaling $$8,000$ will be paid on January $7,2025.$ Salaries paid for the first $11$ months of the year total $$108,000.$

On August $31,2024,$ Shocker borrowed $$70,000$ from a local bank. A note was signed with principal with $9\%$ interest to be paid on August $31,2025.$

Required:

For each item, determine the accounts to be adjusted on December $31,$ the amount of the adjustment, and the ending balance. Assume no adjustments were previously made during the year.

Note: Amounts to be deducted should be indicated with a minus sign.