x 1 202 bicowy inc., an electronics retailer, commenced persons on a 1.2020. The unadjusted trial balance for Discovery as of March 31, 2020 follows: Unadjusted Trial Balance Acct. No. Accounts Debit Credit 100 Cash 541.600 104 Accounts receivable 39.200 10 Supplies 2.600 106 mentory 60,000 108 Prepaid insurance 2.400 155 Building 120.000 100 Equipment 64.000 Accounts payable 36,000 208 Deferred service revenue 1,440 2.0 Note payable 100,000 302 Common Stock 38.000 300 Retained caring 70.560 310 Olvidends 200 400 Sales 280.000 510 Cost of goods told 160.000 515 Operating expenses 12.000 520 Slanes expenses 72.000 Total 5576.000 $575.000 Additional information 1. Examination of supplies indicates that $2,400 of supplies are still available on March 31, 2020. 2. One year of insurance coverage was purchased on January 1, 2020, for $2,400 cash 3. The building and equipment (purchased on January 1, 2020) will be deprecated evenly over the useful lives of 3 years and your respectively 4.6640 of the $1,440 in Deferred Service Revenue relates to service obligations to be performed after March 31, 2020 5. Annual interest on the note payable is 8%. Interest is due in one year upon the maturity of the note. The note was issued on January 1, 2020 6. Utilities for March 2020 of 5640 have been incurred but not yet paid 7. At the end of March, the company provided a new service to customers for in-home assessments. The company will bill customers $480 in April for services performed in March 8. Additional general ledger accounts, currently with a zero balance, are: 170 Accumulated Depreciation-Building 516 Supplies Expense 171 Accumulated Depreciation Equipment 517 Insurance Expense 203 Utilities Payable 518 Depreciation Expense 209 Interest Payable 519 Utilities Expense 403 Service Revenue 530 Interest Expense Journal entries Trial balance Income Statement a. Prepare all necessary adjusting entries as of March 31 for the three-month period ended March 31, 2020, General Journal Ref. Account Name Dr. Cr. 1