Ajusting entries pass

Debit Credit Supplies $13,300 Prepaid Insurance 3,320 Equipment 37,280 Accumulated Depreciation-Equipment $9,320 Unearned Revenue 10,000 Notes Payable 28,800 Rent Revenue 30,000 Salaries Expense 13,300 An analysis of the accounts shows the following: 1. The equipment has a four-year useful life. 2. One-quarter of the unearned rent is still unearned on March 31, 2021. 3 . The note payable has an interest rate of 4%. Interest is paid every June 30 and December 31. 4 . Supplies on hand at March 31 total $950. 5. The one-year insurance policy was purchased on January 1, 2021. 6 . As at March 31, a tenant owed Bourque $780 for the month of March. Prepare the quarterly adjusting entries required at March 31, 2021. (Credit account titles are autor manually. Round answers to the nearest whole dollar, e.g. 5,275. If no entry is required, se amounts.) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 search O