- Ch 3: Homework Question 8 of 12 -/1 E The ledger of Larkspur, Inc. on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Supplies Prepaid Insurance Equipment $3,180 3,816 26,500 Accumulated Depreciation-Equipment Notes Payable $8,904 21,200 Unearned Rent Revenue 13,144 Rent Revenue 63,600 Interest Expense 0 Salaries and Wages Expense 14,840 11:32 AM 2/28/2023 Ch 3: Homework Question 8 of 12 An analysis of the accounts shows the following. 1. The equipment depreciates $302 per month. 2 Half of the unearned rent revenue was earned during the quarter. 3. Interest of $424 should be accrued on the notes payable. 4. Supplies on hand total $901. 5. Insurance expires at the rate of $424 per month. -/1 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Credit account titles are automatically Indented when the 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. Date Account Titles and Explanation 1 Mar. 31 Debit Credit 11:33 AM