Current Attempt in Progress The ledger of Duggan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $3,600 Supplies 2,800 Equipment 25,000 Accumulated Depreciation-Equipment $8,400 Notes Payable Unearned Rent Revenue Rent Revenue 20,000 9,300 60,000 Interest Expense Salaries and Wages Expense An analysis of the accounts shows the following. -0- 14,000 1. The equipment depreciates $250 per month. 2. One-third of the unearned rent was recognized as revenue during the quarter.