Consider the following situations for shocker: on november 28, 2021, shocker receives a $2,700 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 $2,340 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 $6,800 will be paid on january 7, 2022. on august 31, 2021, shocker borrows $58,000 from a local bank. a note is signed with principal and 9% interest to be paid on august 31, 2022. required : indicate by how much the assets, liabilities and stock holder's equity in december 31,2021, balance sheet is higher or lower if the adjustment is not recorded. (if none of the categories apply for particular item, leave it blank).

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.