Paid cash for $52, 900 worth of radio advertising on February 1^st. This gives you radio advertising space until January 31^st, 2020. [Adjusting Entry Required] February 13^th you collect $366,000 of account payments from customers. March Purchased a parcel of land on March 1, 2019 for $990,000 by paying $450,000 in cash and signing a short-term note payable with the seller for $540,000. You must repay the $540,000 in exactly one year on March 1, 2020. You agree to pay the seller 5 percent interest (annual rate) on a quarterly basis (June 1, September 1, December 1, 2019. and March 1, 2020). [Adjusting Entry Required] On March 19^th you purchased $21,000 of office supplies from Super Office Supplies with cash