Book Calculator Print te Adjustments Kretz Corporation prepares monthly financial statements and therefore adjusts its accounts at the end of every month. The following information is available for March 2027: Required: 1. For each of the follawing situations, identify and analyze the adjustments to be recorded on March 31, 2017. Do not round intermediate calculations. I required, round your final answers to the nearest dollar a. Kretz Corporation takes out a 90-day, 8%, $15,000 note on March 1, 2017, with interest and principal to be paid at maturity. Assume 360 days a year Activity Accounts Statement s) How does this entry affect the accounting equation? If a financial statement item is not affected, select No Entry and leave the amount box blank. If the effect on a financial statement item is negative, ie,a decrease, be sure to enter the answer with a minus sign Balance Sheet Stockholders Assets Liabilities +Equity Revenues 2 more Check My Y