Zheng Corporation had the following selected transactions in the month of March. The company adjusts its accounts monthly 1. The company has a 1596, $12,490 bank loan payable due in one year. Interest is payable on the first day of each following month and was last paid on March 1. 2. At the end of March, the company earned $290 interest on its investments. The bank deposited this amount in Zheng's cash account on April 1 3. Zheng has five employces who each carn $400 a day. Salaries are normally paid on Mondays for work completed Monday through Friday of the previous weck. Salaries were last paid on Monday, March 26. March 31 falls on aSaturday this year. Salaries will be paid next on Manday, April 2 4. At the end of March, the company owed the utility company $630 and the telephone company380 or services received during the month. These bills were paid on April 10 Hint: Use the utilities Expense account for the utility and telephone services. 5. At the end of March, Zheng has eaned service revenue of $3,100 that it has not yet biled. It bills its clients for this amount on April 4. On April 30, it collects $2,450 of this amount due. For each of the above situations, prepare the acjusting journal entry required at March 31. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round all amounts to the nearest dollar. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) No. Date Account Titles and Explanation Debit Credit 1. Mar 31 2. Mar 3 3. Mar. 3 4. Mar. S. Mar 3 SHOW LIST OF ACCOUNTS For each of the above situations, prepare the journal entry to record the subsequent cash transaction in April (Credit account titles are automatically indented when the amount is entered. Do not indent manually, Round all amounts to the nearest dollar. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) No. Date Account Titles and Explanation Debit Credit 2. Apr 1 3. 4. Apr. 10 5. Apr.4 Apr, 30