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Problem 3-5A Preparing adjusting and subsequent cash entries (annual)-accrued revenues LO4 3 In reviewing the accounts on March 31 for the year just ended. DigiTech

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Problem 3-5A Preparing adjusting and subsequent cash entries (annual)-accrued revenues LO4 3 In reviewing the accounts on March 31 for the year just ended. DigiTech discovered the following: a. DigiTech owns the building that it occupies. Part of the building is rented to E-Quip Company for $4,600 per month. E-Quip had not paid the March rent as at March 31. On April 3, DigiTech collected the rent accrued on March 31. b. Services performed but unrecorded at March 31 totalled $9,300. This amount was collected on April 7. e. Interest for the month of March had accrued on a note receivable in the amount of $730. The interest accrued on March 31 was collected on April 1. d. On February 1, DigiTech signed a $37,200 six month contract to perform services for a client. DigiTech has been providing the services but as of March 31 no cash had been received. On April 2, DigiTech collected the revenue accrued on March 31. Required: Using the information provided above, prepare the annual adjusting journal entries at March 31 along with the appropriate subsequent cash entries. 8 points ebook Ask Required: Using the information provided above, prepare the annual adjusting journal entries at March 31 along with the appropriate subsequent cash entries. 3 Adjusting journal entries View transaction list Journal entry worksheet eBook Ask 1 2 3 4 Print Record the accrued rent revenue. Note: Enter debits before credits. Date Debit Credit Mar 31 General Journal 3 8 points eBook Ask Print Subsequent cash entries. View transaction list Journal entry worksheet 1 2 3 4 Record the collection of accrued rent revenue. Note: Enter debits before credits.. General Journal Date Apr 03 Clear entry Record entry Debit Credit View general journal

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