The Jingle Corporation had the following situations on December $2024.$

On December $10,2024,$ Jingle received a $$4,400$ payment from a customer and credited deferred service revenue. The services to the customer were completed by December $31,2024.$

$2$ On December $1,2024,$ the company paid a local radio station $$2,800$ for $40$ radio ads that were to be aired, $20$ per month, throughout December and January. Prepaid advertising was debited at the time the advertising was paid.

Employee salaries for the month of December totaling $$20,000$ will be paid on January $7,2025.$

On August $31,2024,$ Jingle borrowed $$80,000$ from a local bank. A note w$$s signed with principal and $9\%$ interest to be paid on August $31,2025.$

Prepare the necessary adjusting entries at its year$-$end of December $31,2024.$ No adjusting entries were recorded during the yearNote: If no entry is required for a transaction$/$event$,$ select $"$No journal entry required" in the first account field.

Journal entry worksheet

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$4$

On December $10,2024,$ Jingle received a $$4,400$ payment from a customer and credited deferred service revenue. The services to the customer were completed by December $31,2024.$