Consider the following situations for Shocker:

On November $28,2024,$ Shocker received a $$2,850$ payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November $28.$

On December $1,2024,$ the company paid a local radio station $$2,370$ for $30$ radio ads that were to be aired, $10$ per month, throughout December, January, and February. Prepaid Advertising was debited on December $1.$

Employee salaries for the month of December totaling $$6,900$ will be paid on January $7,2025.$

On August $31,2024,$ Shocker borrowed $$59,000$ from a local bank. A note was signed with principal and $6\%$ interest to be paid on August $31,2025.$