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1

On November 28, 2024, Shocker receives a $2,550 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31.

2

On December 1, 2024, the company paid a local radio station $2,310 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising was debited on December 1. Record the adjusting entry for advertising for Shocker at its year-end of December 31.

3

Employee salaries for the month of December totaling $6,700 will be paid on January 7, 2025. Record the adjusting entry for salaries for Shocker at its year-end of December 31.

4

On August 31, 2024, Shocker borrows $57,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2025. Record the adjusting entry for interest for Shocker at its year-end of December 31.

• Note := journal entry has been entered

Required: Record the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet Employee salaries for the month of December totaling $6,700 will be paid on January 7, 2025. Record the adjusting entry for salaries for Shocker at its year-end of December 31. Note: Enter debits before credits. Required: Record the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no ntry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round ntermediate calculations.) Journal entry worksheet On December 1,2024 , the company paid a local radio station $2,310 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising was debited on December 1. Record the adjusting entry for advertising for Shocker at its year-end of December 31. Note: Enter debits before credits. Required: Record the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet On November 28,2024 , Shocker receives a $2,550 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits. equired: lecord the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no ntry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round termediate calculations.) Journal entry worksheet On August 31,2024 , Shocker borrows $57,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2025. Record the adjusting entry for interest for Shocker at its year-end of December 31. Note: Enter debits before credits. Consider the following situations for Shocker: 1. On November 28,2024 , Shocker receives a $2,550 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue was credited on November 28. 2. On December 1,2024 , the company paid a local radio station $2,310 for 30 radio ads that were to be aired, 10 per month, throughout December, January, and February. Prepaid Advertising was debited on December 1. 3. Employee salaries for the month of December totaling $6,700 will be paid on January 7,2025. 4. On August 31,2024 , Shocker borrowed $57,000 from a local bank. A note was signed with principal and 9% interest to be paid on August 31, 2025. Required: Record the necessary adjusting entries for Shocker at December 31, 2024. No adjusting entries were made during the year. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Do not round intermediate calculations.) Journal entry worksheet On November 28,2024 , Shocker receives a $2,550 payment from a customer for services to be rendered evenly over the next three months. Deferred Revenue is credited. Record the adjusting entry for deferred revenue at its year-end of December 31. Note: Enter debits before credits