Enter the March transactions and adjustments in the accounting equation below. Create Journal Entries and T-Accounts on the next Page. March 1 Collected $6,000 of its accounts receivable from February sales. March 1 Tim's Tams paid $1,000 for two months' rent beginning March 1. March 1 Borrowed $16,000 on a 4-month. 6% note payable March 1 Paid $18.000 cash foe a truck that has an estimated useful life of 6 years with no salvage value March 6 Paid $4, 300 of its accounts payable from the caps purchased in February March 20 Tim's Tams sold 300 baseball caps @ $10.00 each on account. The caps cost $6 each. March 31 Tim's Tams declared and paid a $500 cash dividend to its shareholder. March 31 Adjusted for insurance used during the month Recall that on February 1. Tim's 1 Tams paid $600 for 3 months of insurance coverage that began February 1 March 31 Adjusted for rent used during the month. Recall that Tim's Tams paid $1,000 for two months' rent. March 31 Recorded one month's depreciation on the $18,000 truck that has a 6-year useful life. March 31 Recorded interest on the $16,000. 4-month. 6% note payable for the month