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An analysis of the accounts shows the following. 1. The equipment depreciates $780 per month. 2. Two-thirds of the unearned rent revenue was earned during

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An analysis of the accounts shows the following. 1. The equipment depreciates $780 per month. 2. Two-thirds of the unearned rent revenue was earned during the quarter. 3. The note payable is dated January 1 and bears 12% interest. 4. Supplies on hand total $1,040. 5. The insurance policy is a two-year policy dated January 1. Compute the ending balances for Prepaid Insurance, Unearned Rent Revenue, and Rent Revenue. Indicate in which financial statement those items will be reported

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