The ledger of Reliable Rental Agency on March 31 of the current year includes oa account data. these selected accounts before adjusting entries have been prepared.

Debits Credits Prepaid Insurance $ 3,600 Supplies 3,000 Equipment 25,000 Accumulated Depreciation—Equipment $ 8,400 Notes Payable 20,000 Unearned Rent Revenue 10,200 Rent Revenue 60,000 Interest Expense 0 Wage Expense 14,000 An analysis of the accounts shows the following.

. The equipment depreciates $250 per month.

. Half of the unearned rent revenue was earned during the quarter.

. Interest of $440 is accrued on the notes payable.

. Supplies on hand total $850.

. Insurance expires at the rate of $300 per month. nek WN Instructions Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly.

Additional accounts are: Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense.