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1 of 4 < Show Attempt History Current Attempt in Progress Your answer is partially correct 6.67/10 EE The ledger of Whispering Winds Corp. on
1 of 4 < Show Attempt History Current Attempt in Progress Your answer is partially correct 6.67/10 EE The ledger of Whispering Winds Corp. on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit Credit $2.940 3.528 24.500 $8.232 19.600 12.152 $8.800 13.720) An analysis of the accounts shows the following 1. The equipment depreciates $278 per month 2 Half of the uneamed rent revenue was earned during the quarter. 3 Interest of $392 should be accrued on the notes payable. 4 Supplies on hand total $833 5. Insurance expires at the rate of $392 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically Indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts) No. Date Account Titles and Explanation Debit Credit 1 Depreciation Exeme 31 Accutated Depreciation-Equipment Mat 2 Unamed Rant Revenue 31 Red Revenue Mat 3. interest Expense 31 Interest Payable 1020 5350 400 Mac 4. Supplies Expense 2000 31 Supplies 5 surance Experie 1290 31 1020 5350 2090
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