Questions A, B, and C Adjusting Entries Utilize the Chart of Accounts listed below to answer questions A, B, and C. (worth 4 points each) Green has the following accounts in its General Ledger: Cash Accounts Payable Supplies Wages Payable Inventory Unearned Service Revenue Prepaid Maintenance Unearned Maintenance Revenue Equipment Notes Payable Accumulated Depreciation Common Stock Retained Earnings Service Revenue Supplies Expense Maintenance Expense Wages Expense Depreciation Expense A. On March 1, 2017 Green Company purchased $12.500 of office supplies On that date Green recorded the supplies purchase transaction as follows: Dr. Cr Supplies 12,500 Cash 12,500 The entry above is the only entry Green has made related to this item. The balance was zero in the Supplies account prior to the above entry. On March 31, 2017 Green counted the office supplies and determined there were $9,300 remaining. In the General Journal below record the required March 31, 2017 adjusting journal entry. Account Name Debit Credit B. Green's employees are paid in cash each Friday for that week's work and the payment of the payroll is recorded in the accounting system. The last payday of March was on Friday March 26. The employees worked on Monday March 29, Tuesday March 30, and Wednesday March 31" The employees earned a total of $1,200 for these last three days of March. In the General Journal below record the required March 31 adjusting journal entry. Account Name Debit Credit Page 2 C. On March 1, 2017 Green Company purchased a new piece of equipment for $210,000 cashOn March 1 Green recorded the equipment purchase with a Debit to the Equipment account and a Credit to the Cash account. Green estimates that the equipment will last 7 years. Green also estimates that at the end of 7 years the equipment will have no future value and will be scrapped Green uses the straight-line depreciation method. In the General Journal below record the required March 31, 2017 adjusting journal entry for March's depreciation of the equipment. Account Name Debit Credit