Homework Lavina Chandnani Question 3 (of 4) instructions hep Seve &Exit Submit value 5.00 points Time remaining 15816 Consider the following situations for Shocker a. On November 28, 2018, Shocker receives a $2,700 payment from a customer for services to be rendered evenly over the next three months. Defemed Revenue is credted b. On December 1, 2018, the company pays 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 is debited. c. Employee salaries for the month of December totaling $6,800 will be paid on January 7, 2019 d. On August 31, 2018, Shocker borrows $58,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31. 2019 Required: Indicate by how much the assets, liabilities, and a particular item, leave the cell blank.) stockholders' equity in the December 31, 2018, balance sheet is higher or lower if the adjustment is not reconded (if mone of the categories apply for Liabilities Stockholders' Equity Assets 900 Higher 900Lowen b d. Total 4030018 Type here to search Poup od. Home Prtscn 40 0