In reviewing the accounts on March 31 for the year just ended, DigiTech discovered the following:
a. DigiTech owns the building that it occupies. Part of the building is rented to E-Quip Company for $4,150 per month. E-Quip had not paid the March rent as at March 31. On April 3, DigiTech collected the rent accrued on March 31.
b. Services performed but unrecorded at March 31 totalled $8,400. This amount was collected on April 7.
c. Interest for the month of March had accrued on a note receivable in the amount of $640. The interest accrued on March 31 was collected on April 1.
d. On February 1, DigiTech signed a $34,500 six-month contract to perform services for a client. DigiTech has been providing the services but as of March 31 no cash had been received. On April 2, DigiTech collected the revenue accrued on March 31.
Required
Using the information provided above, prepare the annual adjusting journal entries at March 31 along with the appropriate subsequent cash entries.