General Journal Must be Manually Updated From "March Transactions" Data Must be Manually Updated From "Adjusting Entries" Data \begin{tabular}{|r|r|r|} \hline Event & Entry & Monthly Exp \\ \hline Sash & 22500 & \\ \hline Share Price & 2250 & \\ \hline Total Stock Value & 10 & \\ \hline Insurance & 22500 & \\ \hline Month's Rent & 2160 & 180 \\ \hline Repair Equipment & 5800 & 1800 \\ \hline Paid Down on Equipment & 2200 & \\ \hline Equipment Balance & 3600 & \\ \hline Repair Supplies on Credit & 650 & \\ \hline Telephone Bill March & & \\ \hline Revenue 3/1-3/10 & 2000 & \\ \hline Paid Gary Company & 400 & \\ \hline Revenue 3/10-3/20 & 2450 & \\ \hline Revenue 3/20-3/31 & 1500 & \\ \hline Electic Bill & & \\ \hline Declared and paid Dividend & 1000 & \\ \hline \end{tabular} \begin{tabular}{|l|r|} \hline Monthly Insurance Exp & 180 \\ \hline Inventory Repair Supplies & 200450 \\ \hline Repair Equip Depreciation & 150 \\ \hline Income Tax & 100 \\ \hline \end{tabular} Automatically Updated From "March Transactions" Data \begin{tabular}{|l|r|} \hline Total Revenue & 5950 \\ \hline Total Monthly Expense & 3380 \\ \hline Accounts Payable & 3850 \\ \hline \end{tabular} Requirement \#4: Prepare adjusting entries using the following information in the General Journal below. Show your calculations! a) One month's insurance has expired. b) The remaining inventory of repair supplies is $200. c) The estimated depreciation on repair equipment is $150. d) The estimated income taxes are $100. Requirement \#5: Post the adjusting entries on March 31 below to the General Ledger T-accounts and compute adjusted balances. Just add to the balances that are already listed. Howard's Flight Radio Management Corporation Ad:...L-T.:1n1.1... Requirement \#7: Prepare the financial statements for Howard's Flight Radio Management Corporation as of March 31 in the space below. rou will only be preparing the Income Statement, Statement of Retained Earning, and the Balance Sheet. The Statement of Cash Flows is a required Financial Statement, but is not required for this project. Howard's Flight Radio Management Corporation Howard's Flight Radio Management Corporation Howard's Flight Radio Management Corporation Income Statement Statement of Refained Earnings Balance Sheet For the Month Ending March 31 For the Month Ending March 31 March 31