Fletcher Products records adjusting entries monthly. The accountant at Fletcher Products is having difficulty figuring out what amount to include as the adjustment

Below are the accounts and amounts from Fletcher Products' month-end balances on February 28.

February 28, 2009
Current assets
Cash 45,100
Accounts Receivable 98,500
Office Supplies 2,700
Prepaid Rent 3,000
Long-term assets
Equipment 10,000
Accumulated Depreciation 917
Current liabilities
Accounts Payable 55,700
Interest Payable 400
Long-term liabilities
Notes Payable 10,000

Additional Information:
? Office supplies of $250 were purchased in the month of March. On March 31, office supplies are $1,900.
? Fletcher Products committed to a one-year rental agreement on February 28, 2009 and paid $3,000 for the 12 month period starting March 1, 2009. This is the only rental agreement for Fletcher Products.
? A stamping machine is the only piece of equipment owned by Fletcher Products. It was purchased on April 1, 2008 for $10,000 and the company estimates a zero salvage value on it. Fletcher Products uses the straight line method of depreciation. The machine has a useful life of 10 years.
? Fletcher Products signed a 1-year, 24% note on January 1, 2009. The company recognizes interest on a monthly basis and is required to pay the entire amount of interest and principal upon the maturity date of December 31, 2009.
Required:
Prepare any necessary adjusting entries on March 31 based on the above information. Assume that no adjusting entries have been made for the month ending March 31.

a. Office Supplies Expense 1,050*
Office Supplies 1,050
*(2,700 + 250 - 1,900 )
b. Rent Expense 250
Prepaid Rent 250
c. Depreciation Expense 83
Accumulated Depreciation, Equipment 83
d. Interest Expense 200
Accrued interest Payable 200