Consider the following situations for a company:

On November $28,$ Year $1,$ the company receives a $$4,050$ payment from a customer for services to be rendered evenly over the

next three months. Deferred Revenue is credited.

On December $1,$ Year $1,$ the company pays a local radio station $$2,610$ for $30$ radio ads that were to be aired, $10$ per month,

throughout December, January, and February. Prepaid Advertising is debited.

Employee salaries for the month of December totaling $$7,700$ will be paid on January $7,$ Year $2.$

On August $31,$ Year $1,$ the company borrows $$67,000$ from a local bank. A note is signed with principal and $9\%$ interest to be paid on

August $31,$ Year $2.$

Required:

Record the necessary adjusting entries for the company at December $31,$ Year $1.$ No adjusting entries were made during the year. $($If no

entry is required for a particular transaction$/$event$,$ select $"$No Journal Entry Required" in the first account field. Do not round

intermediate calculations.$)$