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A partial tabular summary of transactions for Marin Inc. on March 31, 2022, includes the following accounts before adjustments. Liabilities + Stockholders' Equity Assets Prepaid
A partial tabular summary of transactions for Marin Inc. on March 31, 2022, includes the following accounts before adjustments. Liabilities + Stockholders' Equity Assets Prepaid Insur. Equip. 3,024 37,800 Unearned Serv. Rev + Acc. Depr.- Equip. -6,048 + Rev. Supplies + 3,150 Exp. 12,600 An analysis of the accounts shows the following. 1. 2. Insurance expires at the rate of $378 per month. Supplies on hand total $1,134. The equipment depreciates $252 per month. During March, services were performed for two-fifths of the unearned service revenue. 3. 4. Prepare a tabular summary to record adjustments for the month of March. Include an explanation for each adjustment. (If a transaction results in a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Supplies + + Equip. Prepaid Insurance 3,024 3,150 37,80 Unadj. Bal. Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal. Stockholders' Equi Acc. Depr.- Equip. Liabilities Unearned Serv. Rev + Rev. -6,048 12,600 Stockholders' Equity + Rev. Exp. 12,600 e Textbook and Media
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