Extracted text: The YG Entertainment recruited you to correct their accounting records and prepare their financial statements after discovering some inconsistencies in their books. Below is the adjusted trial balance as of March 31, 2014. Adjustments are made on a monthly basis. YG Entertainment Adjusted Trial Balance March 31, 2014 Debit Credit Cash 12,110 2,400 Accounts Receivable Supplies Prepaid rent Equipment Accumulated Depreciation 500 6,000 15,000 875 - Equipment Accounts Payable Unearned Service Revenue Salaries Payable YG, Capital YG, Drawings Service Revenue 1,400 6,830 500 22,000 5,000 20,370 Rent Expense Salaries Expense Advertising Expense Supplies Expense Miscellaneous Expense Depreciation Expense 6,000 3,000 1,000 300 290 375 51,975 51,975 a. On January 1, 2014, the company secured a bank loan P8,000 but it was unrecorded. The principal and 9% interest will be paid after 6 months. b. P1,200 of unearned revenue was completed in March 2014. However, it was recorded as a debit to unearned service revenue, P120, and a credit to service revenue P120. c. Starting January 2014, 10 years was used in computing monthly depreciation expense of the company's only equipment. It should have been 5 years. d. A payment for accounts payable was booked as a debit to advertising expense, P300, and a credit to cash, P300. What month and year was the equipment purchased?