1. 2. 3. Accrued $ 11,600 for utilities, $ 11,600 for salaries, and $10.440 for interest on the bank loan. Recorded depreciation on equipment, which has an expected useful life of 10 years. Recorded an additional $ 58,000 of income tax payable. Common shares of $1,160 were issued during the year. $ 52,200 of the bank loan is due to be repaid in the next year. 4. 5. Record adjusting entries for the year ended March 31, 2021, assuming adjusting entries are made annually. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit March 31 (To record utilities expense) 31 (To record salaries expense) 31 (To record interest expense) 31 (To record depreciation expense) 31 (To record income tax expense) 1. 2. 3. Accrued $ 11,600 for utilities, $ 11,600 for salaries, and $10.440 for interest on the bank loan. Recorded depreciation on equipment, which has an expected useful life of 10 years. Recorded an additional $ 58,000 of income tax payable. Common shares of $1,160 were issued during the year. $ 52,200 of the bank loan is due to be repaid in the next year. 4. 5. Record adjusting entries for the year ended March 31, 2021, assuming adjusting entries are made annually. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit March 31 (To record utilities expense) 31 (To record salaries expense) 31 (To record interest expense) 31 (To record depreciation expense) 31 (To record income tax expense)