2- Prepare Taccounts and trial balance for the montf of March 3- Prepare Income Statement and Balance Sheet at the end of the month. Part 2: Adjusting Entries Advance Corporation has the following transactions that require adjustments for March, 2017 Data for adjusting entries 1- March 1 Received $2.400 in advance for a work to be performed on March 20, the company performed the service on March 20. (13 points) 2- March 1 Purchased one-year insurance policy for $1.200. (13 points) Instructions Prepare the necessary adjusting entries for the month of March for the transaction day and the end of the month