3.2 Adjusting Entries - Large [40 points] The following information is available for Callaho Inc. on March 31 for the year just ended, a. The yearly depreciation on the building is $900. b. The yearly depreciation on the furniture is $750. c. $2,650 of the television advertising paid for in advance has been used d. A review of the $22,000 unadjusted balance in the prepaid Insurance account shows a remaining balance of $20,400 at the end of the year, e $810 of interest has accrued on a note payable and is unrecorded. 1. $6,500 of advertising Callaho Inc. placed in the local newspaper is unrecorded and unpaid g. A review of the $13,500 unadjusted balance in the prepaid rent account shows a remaining balance of $7.250 at the end of the year. h. Wages of $23,500 have been earned by Callaho Inc.'s employees but have not yet been paid, 1. Callaho Inc. purchased equipment in a previous year for $39.750 and plans to sell this equipment for $2,875 at the end of its five-year useful life. J. 56,300 of the $8,200 consulting fees paid to Callaho Inc. in advance has not yet been eamed. Prepare the required adjusting entries at March 31, 2014. Enter the transaction letter as the description when entering the transactions in the journal. Dates must be entered in the format dd/mmm (i.e., January 15 would be 15/Jan). General Journal Date Account'Explanation F Debit Credit Page GB