Current Attempt in Progress The ledger of Cullumber Company on March 31 of the current year includes the selected accounts, show below, before quarterly adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 1,800 Supplies 2,600 Equipment 18,750 Accumulated Depreciation-Equipment $8,000 Notes Payable 20,000 Unearned Rent Revenue 9,000 Rent Revenue 58,000 Interest Expense 0 Salaries and Wages Expense 10,000 An analysis of the accounts shows the following. 1. The equipment depreciates $300 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. 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. 11 No. Date Account Tities Debit Credit 1 Mar 31 I 2 Mar 31 3 Mar 31 4 Mar 31 5. Mar 31