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Consider the following situations for Shocker 1. On November 28, 2021, Shocker receives a $2,100 payment from a customer for services to be rendered evenly

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Consider the following situations for Shocker 1. On November 28, 2021, Shocker receives a $2,100 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited 2. On December 1, 2021, the company pays a local radio station $2,220 for 30 radio ads that were to be aired, 10 per month, throughout December , January, and February, Prepold Advertising is debited. 3. Employee salaries for the month of December totaling $6,400 will be paid on January 7, 2022. 4. On August 31, 2021, Shocker borrows $54,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022 Required: Record the necessary adjusting entries for Shocker at December 31, 2021. 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.) View transaction list Journal entry worksheet On November 28, 2021, Shocker receives a $2,100 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31 Note: Enter debits before credits General Journal Debit Credit December 31 Clear entry View general journal

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