Consider the following situations for Shocker 1. On November 28, 2021, Shocker receives a $4,350 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 $2,670 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. 3. Employee salaries for the month of December totaling $7,900 will be paid on January 7, 2022. 4. On August 31, 2021. Shocker borrows $69,000 from a local bank. A note is signed with principal and 8% interest to be paid on August 31, 2022 Son Book 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.) HA View transactions Print fo Journal entry worksheet 1 2 3 On November 28, 2021, Shocker receives a $4,350 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 No Es before credits Date December 31 General Journal Debit Credit On January 1, 2021, the general ledger of Dynamite Fireworks includes the following account balances: Credit Accounts Cash Accounts Receivable Supplies Land Accounts Payable Common Stock Retained Earnings Totals Debit $24,700 6,100 4,000 59,000 $ 4,100 74,000 15,700 $93,800 $93,800 During January 2021, the following transactions occur. 5 January 2 Purchase rental space for one year in advance, $8,700 ($725/month). January 9 Purchase additional supplies on account, $4,400. January 13 Provide services to customers on account, $26,400. January 17 Receive cash in advance from customers for services to be provided in the future, $4,600 January 20 Pay cash for salaries, $12,400. January 22 Receive cash on accounts receivable, $25,000 January 29 Pay cash on accounts payable, $4,900. The following information is available on January 31, Rent for the month of January has expired. Supplies remaining at the end of January total $3,700. By the end of January, $3,875 of services has been provided to customers who paid in advance on January 17, Unpaid salaries at the end of January are $5,170. . Requirement General Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Prepare the journal entries for transactions. If no entry is required for a particular transaction/event, select "No Journal er In the first account field.