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Consider the following situations for a company: On November 2 8 , Year 1 , the company receives a $ 4 , 0 5 0

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.)
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