Chapter 3 Homework Quest 1. On March 31, Dayton Corporation prepaid 6 months of rent in the amount of $4.800 covering the months of April to September A. Prepare the journal entry for the payment on March 31. B. Prepare the adjusting journal entry required on April 30. 2. On November 1. Target Corporation had a beginning balance in the supplies account of S600. During the month. Target purchased S1,200 of supplies. At November 30, Target Corporation had $300 of supplies on hand. Prepare the adjusting journal entry required on November 30. 3. Fields Inc. began the month of April with an unearned revenue balance of 51.000 During the month of April, Fields collected another 5750 in advance of performing a service. At the end of the month, Fields had performed services in the amount of 5900 Prepare the adjusting journal entry required at April 30. 4. At the end of December, Caribou Corporation had performed $2.500 of services but, as of December 31, it has not yet billed the clients Prepare the adjusting journal entry required at December 31. 5. On October 1, Kenny Inc. signed a $50,000 note payable with First County Bank. As of October 31, S250 of interest has accrued. Prepare the adjusting journal entry required at October 31. 6. On February 1, Larry's Landscaping Corp purchased equipment costing S25,000. At the end of February, $350 of depreciation had accrued. Prepare the adjusting journal entry required at February 28. 7. On June 30, Astro Technologies purchased a six month insurance policy for $600 covering the months of July-December Prepare the adjusting journal entry required at July 31. 8. As of December 31, The Ibsen Group earned $125 in interest on savings bonds. Ibsen has not yet recorded this interest Prepare the adjusting journal entry required at December 31