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Compute the ending balances for Prepaid insurance. Unisacd Rent Revenue. and Rent Revenue Indicate in which financial statement those items will be reportod Question 3

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Compute the ending balances for Prepaid insurance. Unisacd Rent Revenue. and Rent Revenue Indicate in which financial statement those items will be reportod Question 3 of 4 An analysis of the accounts shows the following 1. The equipment depreciates $768 per month. 2. Two-thirds of the unearned rent revenue was earned during the quarter. 3. Thenote payable is dated January 1 and bears 12% interest. 4. Supplies on hand total $1,024 5. The insurance policy is a two-year policy dated January 1. Compute the ending balances for Prepaid insurance. Unisacd Rent Revenue. and Rent Revenue Indicate in which financial statement those items will be reportod Question 3 of 4 An analysis of the accounts shows the following 1. The equipment depreciates $768 per month. 2. Two-thirds of the unearned rent revenue was earned during the quarter. 3. Thenote payable is dated January 1 and bears 12% interest. 4. Supplies on hand total $1,024 5. The insurance policy is a two-year policy dated January 1

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