A partial tabular summary of transactions for Umatilla, Inc. on March 31, 2017, includes the following accounts before adjustments.

Assets

=

Liabilities

+

Stockholders Equity

Supplies

+

Prepaid Insurance

+

Equip.

-

Acc. Depr.- Equip.

=

Unearned Serv. Rev

+

Rev.

Exp.

2,500

2,400

30,000

-4,800

10,000

An analysis of the accounts shows the following.

1.		Insurance expires at the rate of $300 per month.
2.		Supplies on hand total $900.
3.		The equipment depreciates $200 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.

Insurance expires at the rate of $300 per month 1. Supplies on hand total $900 3. The equipment depreciates $200 per month. During March, services were performed for two-fifths of the unearned service revenue 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.) Stockholders' Equity Assets Liabilities Acc. Depr.- Unearned Equip Exp. Equip. Rev Supplies Prepaid Insurance + Serv. Rev Unadj. Bal 30,000 10,000 2,500 2,400 -4,800 Adj. 1 Adj. 2 Adj. 3 Adj. 4 Adj. Bal Open Show Work Click if you would like to Show Work for this