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4 LO19 (10 marks)Envirocan Resources prepares adjusting entries monthly. In reviewing the accounts on March 31, Envirocan Resources discovered the following:a.Interest of $1,050 had accrued
4 LO19 (10 marks)Envirocan Resources prepares adjusting entries monthly. In reviewing the accounts on March 31, Envirocan Resources discovered the following:a.Interest of $1,050 had accrued on the note payable as at March 31.b.Unpaid and unrecorded salaries at March 31 totalled $32,850. c.The March telephone bill for $440 is unpaid and unrecorded at March 31.d.Envirocan normally pays rent in three-month installments. At March 31, rent of $4,200 per month had not been paid for February, March, or April. Rent of $4,200 was correctly accrued at the end of February.e.Envirocan pays commissions to the technicians at the rate of 4% of services performed. During March, total services performed were $410,000. Commissions are unrecorded and unpaid at March 31. Using the information provided above, prepare the monthly adjusting journal entries at March 31
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