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a) Originally, Organico had paid for 24 months of insurance at the beginning of March 1, 2020 ($2,400 was paid on March 1 for insurance

a) Originally, Organico had paid for 24 months of insurance at the beginning of March 1, 2020 ($2,400 was paid on March 1 for insurance for 24 months). Post the appropriate adjustment to ensure the balance or prepaid insurance is corect as at March 31, 2020.
b) During the month of March, Organico used $1,050 of the supplies they purchased in their operations.
c) Equipment originally purchased on March 1, 2020 for 6,000 has a useful life of 2.5 years with no salvage value (no residual value).
d) $250 of the unearned revenue was earned throughout March as Organico provided food services to the customer who had paid in advance.
e) The interest on the bank loan that Organico borrowed from the bank on March 1, 2020 was calculated to be $35 for the month of March.
f) An employee had to work overtime in the month of March for 7 hours at a rate of $20 per hour. They were not for this as at March 31, 2020.
g) Organico provided food services to a customer in March on account (the customer has not paid yet as at March 31, 2020). This has not been recorded in the unadjusted trial balance.

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