ABC company on March ${31}^{st}$ of the current year includes the selected

accounts, shown below, before adjusting entries have been prepared. $(12)$

An analysis of the accounts shows the following.

The equipment depreciates $$150$ per week.

Half of the unearned rent revenue was earned during the quarter.

Interest of $$500$ is accrued on the notes payable.

Supplies on hand total $$900.$

Insurance expires at the rate of $$200$ per month

March $31$ is a Wednesday, and employees are paid on Fridays. ABC

Company has three employees, who are paid $$300$ each for a $5-$day work

week.

Instructions: Prepare Adjusting Entries for the quarter period on ${31}^{st}$ March.