Consider the following situations for a stocker:

1. On November 28, 2021 stocker receives a $3750 payment from a customer for services to be rendered evenly over the next three months. Deferred revenue was credited

2. on December 1, 2021, the company pays a local radio station $2550 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid advertising is debited.

3. on August 31, 2021 stocker borrows 65,000 from a local bank. A note is signed with principal and 6% interest to be paid on August 31, 2022.

Record a necessary adjusting entries for stocker at December 31, 2021. No adjusting entries were made during the year.

employee salaries for the month of December totaling 7000 and 500 will be paid on January 7, 2022