The information necessary for preparing the 2021 year-end adjusting entries for Gamecock Advertising Agency appears below. Gamecock's fiscal year-end is December 31 1 On July 1, 2021. Gamecock receives $4,400 from a customer for advertising services to be given evenly over the next 10 months. Gamecock credits Deferred Revenue. 2. At the beginning of the year, Gamecock's depreciable equipment has a cost of $21600, a four-year life, and no salvage value. The equipment is depreciated evenly (straight-line depreciation method) over the four years. 3. On May 1, 2021, the company pays $2,880 for a two-year fire and liabilty insurance policy and debits Prepaid Insurance. 4. On September 1, 2021, the company borrows $26,000 from a local bank and signs o note. Principal and interest at 12% will be paid on August 31, 2022 5. At year-end there is a $1.900 debit balance in the Supplies (asset) account. Only $840 of supplies remains on hand. Required: Record the necessary adjusting entries on December 31, 2021. No prior adjustments have been made during 2021 (Do not round Intermediate calculations. If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field.) View transaction list Journal entry worksheet 2 3 4 5 On July 1, 2021, Gamecock receives $4,400 from a customer for advertising services to be given evenly over the next 10 months. Gamecock credits Deferred Revenue. Record the adjusting entry for deferred revenue at its year end of December 31 Note: Enter debits before credits Date General Journal Debit Credit De