Debite Credita Cash $90,000 Accounts Receivable $20,000 Supplies $5,000 Accounts Payable $7,500 Deferred Revenues Wages Payable Common Stock Retained Earnings Service Revenue $800 $500 $25,000 Wages Expense Supplies Expense ? $18,000 $2,500 $1,000 3. On March 1", Bob Dog paid $24,000 for an insurance policy. The policy covers 12 months beginning on March 1. b. On March 5, Bob Dog paid $750 cash toward what is owed on account. c. On March 10, Bob Dog paid $2,000 cash for equipment. d. On March 15, Bob Dog paid $1,000 cash to employees. $500 of this amount was related to the beginning balance in Wages Payable (i.c., was for work done in February), and the remainder was for work completed in the first two weeks of March. c) On March 15", Bob Dog provided services to customers worth $600. These services are related to the Deferred Revenue that had been recorded in February. f) On March 1", customers paid $1,500 cash for dog manners classes that will be held in April. g) On March 30", Bob Dog makes an adjusting entry to recognize one month's depreciation on the equipment (from part c). The equipment is expected to last a total of 25 months. h) On March 30, Bob Dog makes an adjusting entry to recognize one month's use of the insurance policy (from part a). i) On March 30", Bob Dog makes an adjusting entry to reflect the fact that only $1,500 of supplies remain on hand at the end of the month.