D 8 Question 2 9 0 Just the Ticket, Inc. adjusts it accounts at the end of each month. 1 Following information is given for the adjusting entries required at March 31: 2 33 a.Depreciation of the furniture is based on estimated useful life of four years. 34 The furniture was purchased several years ago at a cost of $24,000. 35 b. The company pays employees each Friday. The daily payroll is $1,000. March 31 falls on a Monday 36 c.On March 1, the company renewed its rental agreement paying $4,000 cash for 37 eight months' rent in advance. 38 d.On February 1, $6,000 was collected in advance for six months from a group of customers 39 and the amount was credited to unearned revenue account. 40 e Invoices representing $8,000 of services performed during the month have not been 41 recorded as of March 31. 42 f.Purchased supplies on account, $900. 2/3 of the supplies were estimated to be 43 used in the month March. 45 Required: 46 Prepare necessary adjusting entries as of March 31 47 48 49 adjusting entries 50 date account title 51 52 53 54 dr cr