YOU ARE TO USE THE JOURNAL ENTRY FORM PROVIDED. REMEMBER TO PLACE THE DR. AND CR. BEFORE THE ACCOUNT TITLE. PLEASE INDICATE THE APPROPRIATE ALPHABETIC LETTER FOR THE ADJUSTING ENTRIES AND THE APPROPRIATE DATE AS INDICATED FOR THE REGULAR JOURNAL ENTRIES. PLEASE BRING TWO COPIES OF YOUR ANSWER SHEET TO CLASS, ONE FOR ME AND ONE FOR YOU. 1. (44 POINTS) PREPARE THE ADJUSTING JOURNAL ENTRIES BASED ON THE FOLLOWING LETTERED TRANSACTIONS: A. ACCRUED SALARIES FOR THE MONTH OF APRIL, $7,800 B. DEPRECIATION ON EQUIPMENT, $125 C. PREPAID INSURANCE EXPIRED, $750 D. $77,000 OF LEGAL FEES EARNED THIS MONTH, BUT NOT YET BILLED. E. $19,500 OF UNEARNED TICKET REVENUE HAS NOW BEEN EARNED. F. OFFICE SUPPLIES SHOWED $4,000 AT THE BEGINNING OF THE MONTH, PURCHASES OF $15,000 WERE ALSO MADE DURING THE MONTH, AT MONTH END THE BALANCE WAS $3,800 G. INTEREST EARNED BUT NOT YET RECEIVED, $260. H. THE PREPAID RENT ACCOUNT HAD A BEGINNING BALANCE OF $63,000 AT THE START OF THE MONTH, AT THE END OF THE MONTH THE BALANCE IN THE ACCOUNT SHOWED $5,700. I. ACCRUED INTEREST EXPENSE ON THE 120 DAY NOTE PAYABLE AT 8%, IS $70 J. TWO-THIRDS OF THE $300,000 LEGAL FEES RECEIVED IN ADVANCE HAS BEEN EARNED