The ledger of Lafayette, Inc. on March 31, 2014, includes the following selected accounts before adjusting entries.

(ee Debit Credit Prepaid Insurance 2,400 Supplies 2,500 Equipment 30,000

| Unearned Service Revenue 9,000 An analysis of the accounts shows the following.

1. Insurance expires at the rate of $300 per month.

2. Supplies on hand total $1,400.

3. The equipment depreciates $200 per month.

4. 2/5 of the unearned service revenue was recognized in March.

Prepare the adjusting entries for the month of March.