Current Attempt in Progress The ledger of Ivanhoe Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared Credit Debit $ 9,600 3,000 31.250 Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,925 22.000 10.800 60,000 0 12.000 An analysis of the accounts shows the following. 1. The equipment depreciates $525 per month. 2 One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $550 should be accrued on the notes payable. Supplies on hand total $720. Insurance expires at the rate of $800 per month. 4. 5. No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 Mar 3. 31 4 4. Mar. 31 5. Mar. 31