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The following is the unadjusted trial balance for ABC Manufacturing Inc. as prepared for December 31, 2014, its fiscal year end. ABC Manufacturing and Consulting Inc. Unadjusted Trial Balance as at December 31, 2014 Dr. Cr. Accounts payable $37,000 Accounts receivable $56,000 Accumulated depreciation, equipment 29,600 Administrative expense 6,800 Cash 27,800 Common stock 130,000 Cost of goods sold 40,200 Equipment 153,200 Insurance expense 48,000 Interest expense 1800 Land 90,000 Merchandise inventory 64,000 Note payable 60,000 Prepaid building maintenance 48,000 Retained earnings 41,600 Sales revenue 382,000 Supplies expense 8,000 Supplies inventory 38,800 Unearned revenue 18,400 Wages & salaries expense 116,000 $698,600 $698,600 Required The following supplementary information has become available after the unadjusted trial balance was prepared. Prepare any adjusting journal entries necessary to record each of the following pieces of information and bring Springer's accounts up to date on December 31, 2014. If no additional journal entry is needed, write "No Journal Entry Required." Springer follows the accrual basis of accounting. e. ABC renews its building maintenance contract every year, on March 1st. The annual cost is charged entirely to Prepaid building maintenance upon contract purchase. The cost of this year's policy was $40,800. The January 1, 2014 balance in the Prepaid building maintenance account was $7,200. h. The Note payable was acquired on January 31st, 2014. Terms of the note include an interest rate of 6% per year, payable on January 31st and July 31st of each year. The interest payment made during 2014 has already been recorded. Dr Building Maintenance expense 41,200 Cr Prepaid Building Maintenance 41,200 Dr Interest expense 1500 Cr Interest payable 1500