Hempfield Corporation adjusts its accounts at the end of each month. The Trial Balance at March 31, current year before adjustments is as follows: Debit Credit Cash Accounts Receivable $10,920 9,620 Supplies Prepaid Insurance Equipment 1,300 3,120 26,000 Accumulated Depreciation: Equipment $10,400 Uneamed Service Revenue 6,500 Capital Stock 5,200 Retained Earnings 23,400 Dividends 1,560 Service Revenue Earned 16,510 Salaries Expense 7,800 Utilities Expense Rent Expense 390 1,300 $62,010 $62,010 The following information has been assembled in order to prepare the required adjusting entries at 31 March, current year. 1. According to service contracts, $4,810 of the Unearned Service Revenue has been earned in March. 2. On March 1, Hoffman paid $3,120 in advance for four months' insurance and recorded this amount on Prepaid Insurance account. 3. At March 31, the amount of supplies on hand is $520. 4. The equipment had an estimated useful life of five years. 5. Employees are owed $750 for their work since the last payday in March, to be paid the first week in April. Instructions: Prepare the adjusting entries required at March 31 in general journal. You may omit explanations. (Each of five adjustments stands for 10 points)