(ADOPTED) Safe and Sound Travel operates a ferryboat that takes tourists on sight-seeing tours in the Hundred Islands of Pangasinan. The company adjusts its accounts at the end of each month. The following selected accounts appear on its March 31 adjusted trial balance: Safe and Sound Travel record advance payments as prepaid expenses and advance collections or deposits from customers as unearned revenue. Other data: A. The prepaid insurance is a 12-month insurance policy purchased on January 1. B. Six month's rent had been prepaid on February 1. C. The ferry boat is depreciated over its estimated useful life of 10 years with no residual value. D. The unearned passenger revenue represents tickets for future rides sold to a travel agency at Php 500 per ticket on March 1. As of March 31, the number of tickets used totaled 230. 1. DETERMINE THE FOLLOWING: A. The original cost of the 12 -month insurance policy B. The monthly rent expense C. The age of the ferry boat D. The number of Php 500 tickets for future rides sold to a travel agency on March 1 2. PREPARE THE ADIUSTING ENTRIES AS OF MARCH 31