On November $30,2026,$ Shocker received a $$3,450$ payment from a customer for services to be rendered evenly over the next $3$ months. Deferred Revenue was recorded on November $30.$ Revenue for other services provided during the year totaled $$62,000.$

On December $1,2026,$ the company paid a local radio station $$2,490$ for $30$ radio ads to be aired, $10$ per month, throughout December, January, and February. Prepaid Advertising was recorded for the full amount on December $1.$ Shocker had no other advertising during the year.

Employee salaries for the month of December totaling $$7,300$ will be paid on January $7,2027.$ Salaries paid for the first $11$ months of the year total $$110,000.$

On August $31,2026,$ Shocker borrowed $$63,000$ from a local bank. A note was signed with principal and $8\%$ interest to be paid on August $31,2027.$