An analysis of the accounts shows the following.

1.		The equipment depreciates $ 229 per month.
2.		One-third of the unearned rent was recognized as revenue during the quarter.
3.		Interest of $ 500 is accrued on the notes payable.
4.		Supplies on hand total $ 714.
5.		Insurance expires at the rate of $ 276 per month.

The ledger of Crane Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $3,312 2,661 Supplies Equipment 24,070 Accumulated Depreciation-Equipment $ 8,566 Notes Payable 18,040 Unearned Rent Revenue 4,530 Rent Revenue 58,930 Interest Expense -0- Salaries and Wages Expense 13,470 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expenses. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5