The Janeway Corporation had the following situations on December 2021. On December 10, 2021, Jamesway received a $5,200 payment from a customer for services begun on that date and which were completed by December 31, 2021. Deferred service revenue was credited. On December 1, 2021, the company paid a local radio station $4,400 for 40 radio ads that were to be aired, 20 per month, throughout December and January. Prepaid advertising was debited. Employee salaries for the month of December totaling $28,000 will be paid on January 7, 2022. On August 31, 2021, Jamesway borrowed $70,000 from a local bank. A note was signed with principal and 6% interest to be paid on August 31, 2022