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A partial tabular summary of transactions for Shamrock, Inc. on March 31, 2022, includes the following accounts before adjustments. Liabilities Stockholders' Equity Assets Prepaid
A partial tabular summary of transactions for Shamrock, Inc. on March 31, 2022, includes the following accounts before adjustments. Liabilities Stockholders' Equity Assets Prepaid Acc. Depr Unearned Supplies + Insur Equip Equip Serv. Rev + Rev. Exp 2.350 2,256 28,200 -4,512 9,400 An analysis of the accounts shows the following 1 Insurance expires at the rate of $282 per month. 2. Supplies on hand total $846. 3. The equipment depreciates $188 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. 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 for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.)
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