CH 3 HW Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completo 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 t On July 2021. Gamecock receives $4.000 bom 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 $30,000, a year , and no savage value. The equipment is deprecated every straight-ne depreciation method over the six years 3. On May 1 2021, the company pays $2.400 for a two-year fire and liability insurance policy and debits Prepaid Insurance 4. On September 1, 2021, the company borrows $30,000 from a local bank and signs a note. Principal and interest at 12% will be paid on August 31, 2022. 5. At year-end there is a $1,700 debit balance in the Supplies (asse account. Only $800 of supplies remains on hand. Required Record the necessary adjusting entries on December 2012 No prodiustments have been made during 2021. Do not round Intermediate calculations, mentry is required for a particular transaction event, select "No Journal Entry Required in the first account field.) Answer is not complete. No Date General Journal 1 of 9 !!! Next >