Chapter 3 Exercises Question 1 of 3 2/3 The ledger of Cullumber Company on March 31 of the current year includes the selected accounts, shown below, before quarterly Debit Credit Prepaid Insurance Supplies $1000 2600 18.750 Accumulated Depreciation Equipment $1,000 20,000 Used Rent Revenue 9,000 Rent Rivene 58,000 0 Saries Wiges Expense 10,000 M SAMSUNG D OAG 13 Question 1 of 3 < > Rent Revenue Interest Expense Salaries and Wages Expense 10,000 An analysis of the accounts shows the following 58.000 1 The equipment depreciates $300 per month. 2 One-third of the unearned rent revenue was earned during the quarter Interest totaling $500 is accrued on the notes payable for the quarter 4 Supplies on hand total $500 5. Insurance expires at the rate of $100 per month 2/3 E Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly Additional accounts are Depreciation SAMSUNG D 040 15:38 Chapter 3 Exercises Question 1 of 3 wurance expres at the rate of 100 per mon 2/3 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation i Expense, Insurance Expense, Interest Payable, and Supplies Expense. (Credit account trim are automatically Indented when the amount is entered. Do not indent manually) No. Date Account Titles Mar L Depreciation Expe 31 Ma 21 Accumulated Depreciation Equipment Mar SAMSUNG Debit Credit SUL100 D 040 4819 LunaPic | Free On education.wiley.com/was/ui/v2/assessment player/index.htmlaunchid-082dc725-4542-4823-9742-357ad5dfb/quest. < Chapter 3 Exercises Question 1 of 3 > Interest Expense Interest Payable Mar 31 Supplies Expe Supplies Mar Insurance Exper 31 Prepidurance eTextbook and Media List of Accounts a 2/3 E