Consider the following situations for Shocker:

1. On November 28, 2021, Shocker receives a $4,050 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 $2,610 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 $7,700 will be paid on January 7, 2022.

4. On August 31, 2021, Shocker borrows $67,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022.

Journal entry worksheet 1 2 3 4 On November 28, 2021, Shocker receives a $4,050 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 Date December 31 Record entry Clear entry View general journal Journal entry worksheet On December 1, 2021, the company pays a local radio station $2,610 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising is debited. Record the adjusting entry for advertising for Shocker at its year-end of December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal View transaction list Journal entry worksheet Employee salaries for the month of December totaling $7,700 will be paid on January 7, 2022. Record the adjusting entry for salaries for Shocker at its year-end of December 31. Note: Enter debits before credits. General Journal Debit Credit Date December 31 Record entry Clear entry View general journal Journal entry worksheet On August 31, 2021, Shocker borrows $67,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022. Record the adjusting entry for interest for Shocker at its year-end of December 31. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Record entry Clear entry View general journal