On November 28, 2021, Shocker receives a $2,250 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 $2,250 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 $6,500 will be paid on January 7, 2022. On August 31, 2021, Shocker borrows $55,000 from a local bank. A note is signed with principal and 9% interest to be paid on August 31, 2022.

Required:
Record the necessary adjusting entries for Shocker at December 31, 2018. No adjusting entries were made during the year.