Exercise $3-10($Algo$)$ Record year$-$end adjusting entries $($LO$3-3)$

Consider the following situations for Shocker:

On November $28,2024,$ Shocker receives a $$2,700$ 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 $$2,340$ for $30$ radio ads that were to be aired, $10$ per month,

Employee salaries for January, and February. Prepaid Advertising was debited on December $1$

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

On November $28,2024,$ Shocker receives a $$2,700$ 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.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,,,],[,,,],[,,,$A$],[,,,],[,,,],[,,,]]$

Journal entry worksheet

On December $1,2024,$ the company paid a local radio station $$2,340$ for $30$ radio ads that were to be aired, $10$ per month, throughout December, January, and February. Prepaid Advertising was debited on December $1.$ Record the adjusting entry for advertising for Shocker at its year$-$end of December $31$

Note: Enter debits before credits

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,,,],[,,,],[,,,],[,,,],[,,,],[,,,]]$

Journal entry worksheet

Employee salaries for the month of December totaling $$6,800$ will be paid on January $7,2025.$ Record the adjusting entry for salaries for Shocker at its year$-$end of December $31.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,,$General Journal,Debit,Credit$],[$December $31,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,],[,,,,]]$

On August $31,2024,$ Shocker borrows $$58,000$ from a local bank. A note is signed with principal and $9\%$ interest to be paid on August $31,2025.$ Record the adjusting entry for interest for Shocker at its year$-$end of December $31.$

Note: Enter debits before credits.

$\backslash$table$[[$Date$,$General Journal,Debit,Credit$],[$December $31,,,],[,,,],[,,,],[,,,],[,,,]]$