Consider the following situations for Shocker:

On November $28,2024,$ Shocker receives a $$3,150$ 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 $$2,430$ 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 $$7,100$ will be paid on January $7,2025.$

On August $31,2024,$ Shocker borrowed $$61,000$ from a local bank. A note was signed with principal and $9\%$ interest to be paid on

August $31,2025.$

Required:

Record the necessary adjusting entries for Shocker at December $31,2024.$ 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.$)$

Journal entry worksheet

Note: Enter debits before credits.