What are the journal entries for the following information:

 

a) Pine recorded $3,000 of depreciation on the equipment. b) Pine prepared a closing entry to close out revenues of $35,000. c) A company had FV-OCI investments that were purchased for $40,000. The fair value of the investments at year-end is $38,000. d) Service revenue includes fees received in advance from clients of $4,800. e) At the beginning of the year the company had a non-interest bearing note payable with a present value of $36,920 based on the company's market rate of 6%. Interest at year-end is calculated using the effective interest method. f) The company uses the percentage of completion method on a construction project and invoiced $320,000 in progress billings. g) The company sells products have a one-year assurance-type warranty. The company estimates that the cost will be $4,000.