In the General Journal of Krywa TV Service, record the adjusting entries for the three-month period ending March 31, 20—.
(a) On January 1, rent was paid in advance for six months at $250 per month. The total paid ($1,500) was debited to Rent Prepaid.
(b) A one-year insurance policy was purchased on January 2, $1,800, and was charged to Insurance Prepaid. No monthly adjustments have been recorded.
(c) On January 1, advertising costs were prepaid for six months, $360.
(d) Salaries owing to the employee but not yet paid on March 31, $400.
(e) Services to customers who have paid in advance have been completed in March, $560.
(f ) Interest accrued for three months on a bank loan, $375.
(g) Amortization on Tools & Equipment is to be calculated for three months on the book value of $1,600 at an annual rate of 25%.