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The Wheel Thing was started on March 1 of the current year to provide automotive wheel alignment and balancing at three locations in a metropolitan

The Wheel Thing was started on March 1 of the current year to provide automotive wheel alignment and balancing at three locations in a metropolitan area. On March 31, the unadjusted balances of the firm's accounts are as follows:
$49,400
$49,400
The following information is also available:
(1) The balance in Prepaid Rent was the amount paid on March 1 to cover the first two months' rent.
(2) Supplies on hand on March 31 amounted to $200.
(3) Depreciation on equipment for March was estimated at $325.
(4) Unpaid wages for March were $600 at the end of the month.
(5) Utility services used during March were estimated at $100. A bill is expected early in April.
Required: In general journal form, make the adjusting entries needed at March 31,2024(one month worth of adjustment).
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