Complete the following journal Entries:

3/1/20X1 Gotham needs cash and issues a $100,000, 5-year, 5% coupon bond when market rates are 6%.

3/3/20X1 Gotham purchases 500 T-shirts from its supplies for $2.50/each on credit.

3/6/20X1 Gotham makes another sale! Gotham Sells 601 shirts for $35/each on credit.

3/9/20X1 Legal Experts Inc. is hired by Gotham to perform legal services that might come up during the year. Gotham signs a contract to use Legal Experts. Estimated legal costs for the year are $2,500.

3/15/20X1 Gotham receives $25,000 cash from its customers from previous purchases.

3/19/20X1 Gotham makes another sale! Gotham sells 50 shirts for $40/each for cash.

3/25/20X1 It's payday for Gotham's employees. The total wages is $2,500 and is paid in cash immediately.

3/31/20X1 Gotham records interest related to the bank loan and pays the bank all interest owed as of 3/31.

3/31/20X1 Gotham records depreciation for the month of March related to the Building. Later in the day, Gotham sells the building for $55,000 cash.

It's the end of the month of March for Gotham. What adjustments need to be made?

Another Information: Interest should be calculated as 2% of all outstanding loans at the end of the month (this is not an annual rate -- it's the monthly rate) Interest is paid at the end of March. There are $1,000 in supplies remaining at the end of March.