On March 31, 2018, Easy Rental Agency Inc.'s trial balance included the following selected unadjusted account balances. The company's year-end is December 31 and it adjusts its accounts quarterly.

An analysis of the accounts shows the following:
1. The equipment, which was purchased on January 1, 2017, is estimated to have a useful life of four years. The company uses straight-line depreciation.
2. One third of the unearned revenue related to rent is still unearned at the end of the quarter.
3. The loan payable has an interest rate of 6%. Interest is paid on the first day of each following month and was last paid March 1, 2018.
4. Supplies on hand total $850 at March 31.
5. The one-year insurance policy was purchased for $14,400 on January 1.
6. Income tax is estimated to be $3,200 for the quarter.
Instructions
Prepare the quarterly adjusting entries required at March 31.

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Debit Credit Prepaid insurance Supplies Equipment Accumulated depreciation-equipment Unearned revenue Loan payable, due 2020 Rent revenue Salaries expense $14,400 2,800 $5,400 9,600 20,0OO 30,ooo