Record the following transactions for Cisco Systems, Inc. for the month of March 2026 and make necessary adjustments:

• Mar 1: Received $550,000 in cash from the issuance of common stock.
• Mar 5: Purchased equipment worth $300,000 on credit.
• Mar 10: Sold merchandise for $180,000 in cash.
• Mar 15: Paid $40,000 in cash for operating expenses.
• Mar 20: Received $100,000 in cash from customers on account.
• Mar 25: Paid $120,000 in cash for salaries.
• Mar 30: Paid $25,000 in cash for utilities.

Adjust for the following:

• Accrued salaries expense: $20,000
• Prepaid insurance expired during the month: $10,000
• Depreciation expense for the month: $30,000