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A partial tabular summary of transactions for Shamrock, Inc. on March 31, 2022, includes the following accounts before adjustments. Assets Liabilities +Stockholders' Equity Supplies
A partial tabular summary of transactions for Shamrock, Inc. on March 31, 2022, includes the following accounts before adjustments. Assets Liabilities +Stockholders' Equity Supplies + Prepaid Insur + Equip. Acc. Depr Equip. Unearned Serv. Rev Rev. Exp. 2,600 2,496 31,200 -4,992 10,400 An analysis of the accounts shows the following. L 1. Insurance expires at the rate of $312 per month. 2. 23 Supplies on hand total $936. The equipment depreciates $208 per month. 3. 4. During March, services were performed for two-fifths of the unearned service revenue. Supplies Unadj. Bal 2,600 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal. reduced.) arentheses) In front of the amount entered for the Assets Equip. 2,496 31.200 Prepaid Insurance Acc. Depr Equip. 4,95 Acc. Depr Equip. Liabilities Unearned Serv. Rev -4,992 10,400 eTextbook and Media Rev. Stockholders' Equity Exp. adjustments for the month of March. Include an explanation for each adjustment. (If a transaction or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the that was reduced.) 00 Rev. Stockholders' Equity Exp. Depreciation expense Insurance expense Service revenue Supplies expense
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