a$.$ Terry Mason invested $$15,000$ in The Fifth Season in exchange for common stock.

b$.$ Paid $$2,700$ on February $1$ for an insurance premium on a $1-$year policy.

c$.$ Purchased supplies on account, $$900.$

d$.$ Received fees of $$28,500$ during February.

e$.$ Paid expenses as follows: wages $$10,800$; rent, $$3,200$; utilities, $$1,400$; and miscellaneous, $$1,600.$

f$.$ Paid dividends of $$400$

using the data from exercise $3-1.$ Record the adjusting entries at the end of February to record the insurance expenses and supplies expenses. There was $$150$ of supplies on hand as of February $28.$ Identify the adjusting entry for insurance as $($a$1)$ and supplies as $($a$2)$