during its first month of operation, Flower Landscaping Corporation, which specializes in residential landscaping completed the following transactions. March 1. Began business by making a deposit in a company bank account of $72,000, in exchange for 7,200 shares of no-par common stock. March 1. Paid the current month's rent, $4,500. March 1. Paid the premium on a 1-year insurance policy, $3,300. March 7. Purchased supplies on account from Parkview Company, $900. March 10. Paid employee salaries, $2,200. March 14. Purchased equipment from Hammond Company, $9,000. Paid $1,500 down and the balance was placed on account. Payments will be $375.00 per month for 20 months. The first payment is due 4/1. (Note: Use accounts payable for the balance due). March 15. Received cash for landscaping revenue for the first half of March, $4,896. March 19. Made payment on account to Parkview Company, $450. March 31. Received cash for landscaping revenue for the last half of March, $5,304. March 31. Declared and paid cash dividend of $1,000 Information for Preparing Adjusting J.E.s 1) One month's insurance has expired 2) the remaining supplies is $475 3) The estimated depreciation of the equipment is $150. Requirements: 1. Prepare Journal entries for transactions in March. 2. Prepare Adjusting J.E.s.