Main Group, Inc., adjusts and closes its books each month. The trial balance at March 31, 2021 before adjustments is as follows:

Debit Credit

Cash.......................................... 26,650

Accounts Receivable................. 30,000

Supplies..................................... 3,750

Prepaid Advertising................... 8,400

Equipment................................ 72,000

Accumulated Depreciation:

Equipment 25,000

Unearned Consulting Fees............ 19,500

Capital Stock....................... 20,000

Retained Earnings................... 26,500

Consulting Fees Earned.............. 87,500

Salaries Expense.................... 32,000

Utilities Expense................... 1,200

Rent Expense........................ 4,500 _______

178,500 178,500

======= ========

The following information relates to month-end adjustments:

a According to contracts, consulting fees received in advance that were earned in March total $13,000.

b On January 1, 2021, the company paid in advance for 6 months' advertising in professional journals.

c At March 31, supplies on hand amount to $1,250.

d The equipment has an original estimated useful life of 6 years.

Required:

1. Prepare the required adjusting entries (March 31, 2021) in the journal form.

2. After the proper adjusting entries are made, what are the balances in the Unearned Consulting Fees and Accumulated Depreciation: Equipment accounts on March 31?

3. After closing entries on March 31, how much is the Total Stockholders Equity. Include your bases/details for your this answer.