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Business, 18.10.2019 21:30 dwilliams635

Conside the following situations for shocker: 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. 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. employee salaries for the month of december totaling $7,100 will be paid on january 7, 2022. 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 adjustment entries for shocker at december 31,2021. no adjusting entries were made during the year.

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Conside the following situations for shocker: on november 28, 2021, shocker receives a $3,150 payme...
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