30 000 Debit Credit Prepaid Insurance $ 4.200 Supplies 3,400 Equipment 30,000 Accumulated Depreciation Equipment $10,500 Notes Payable 25 000 Unearned Rent Revenue 43,200 Rent Revenue Interest Expense -0- Salaries and Wages Expense 14 000 An analysis of the accounts shows the following 1. The equipment depreciates $300 per month. 2. One fourth of the unearned rent revenue was earned during the quarter 3. Interest of $750 is accrued on the notes payable 4. Supplies on hand total 51.300 5. The company paid 54,200 on January 1 for a 2-year insurance policy 4. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly