Saved Homework Consider the following situations for Shocker: 1. On November 28, 2021. Shocker recelves a $3,150 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 $2,430 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 $7.100 will be paid on January 7, 2022. 4. On August 31, 2021, Shocker borrows $61,000 from a local bank. A note is signed with principal and 9% Interest to be paid on August 31, 2022 Required: Record the necessary adjusting entries for Shocker at December 31, 2021. 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.) View transaction list ces Journal entry worksheet 2. 1 3 4 On November 28, 2021, Shocker receives a $3,150 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 5 olnts Consider the following situations for Shocker: 1 On November 28, 2021, Shocker receives a $3,150 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 $2,430 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 $7,100 will be paid on January 7, 2022 4. On August 31, 2021, Shocker borrows $61,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022 eBook Required: Record the necessary adjusting entries for Shocker at December 31, 2021. 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.) Print View transaction list References Journal entry worksheet 3 4 On December 1, 2021, the company pays 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 is debited. Record the adjusting entry for advertising for Shocker at its year-end of December 31. Note: Enter debits before credits Debit Credit General Journal Date December 31 Record entry Clear entry View general Journal Saved ework Consider the following situations for Shocker: 1. On November 28, 2021, Shocker receives a $3,150 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 $2,430 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 $7,100 will be paid on January 7, 2022 4. On August 31, 2021, Shocker borrows $61,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022 Required: Record the necessary adjusting entries for Shocker at December 31, 2021. 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.) View transaction list Journal entry worksheet Journal entry worksheet
