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Consider the following situations for Shocker: On November 2 8 , 2 0 2 4 , Shocker receives a $ 2 , 2 5 0
Consider the following situations for Shocker:
On November Shocker receives a $ payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November
On December the company paid a local radio station $ for radio ads that were to be aired, per month, throughout December, January, and February. Prepaid Advertising was debited on December
Employee salaries for the month of December totaling $ will be paid on January
On August Shocker borrowed $ from a local bank. A note was signed with principal and interest to be paid on August
Required:
Record the necessary adjusting entries for Shocker at December No adjusting entries were made during the year. If no entry is required for a particular transactionevent select No Journal Entry Required" in the first account field. Do not round intermediate calculations.
Journal entry worksheet
On November Shocker receives a $ 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 yearend of December
Note: Enter debits before credits.
tableDateGeneral Journal,Debit,CreditDecember
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