Accrual Adjustments. Prepare the March 31 Accrual adjusting journal entries for the following transactions, followed by the cash payment or cash collection specified. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) 1. On March 31, 25% of a $2,000 advertising project had been completed for a client, but nothing had been billed or collected. The client paid us for this portion of the advertising on April 7. 2. At March 31, Employees provided $3,600 worth of work done in the last week of March that had not been recorded or paid. The employees will be paid on April 3. 3. The electric company informs us that we used $600 worth of electricity during the month of March. We will pay for this electricity on April 15. 4. The company's fiscal year ends on March 31. At fiscal year-end, the company completed all of its adjusting entries (except for this last one). The company's revenues totaled $120,000 and the company's expenses totaled $70,000. The company's tax rate is 30\%, and the tax will be paid on May 15