Current Attempt in Progress

The ledger of Sunland, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries.

		Debit		Credit
Prepaid Insurance		2,300
Supplies		2,800
Equipment		30,200
Unearned Service Revenue				9,100

An analysis of the accounts shows the following.

1.		Insurance expires at the rate of $ 300 per month.
2.		Supplies on hand total $ 1,500.
3.		The equipment depreciates $ 400 per month.
4.		During March, services were performed for two-fifths of the unearned service revenue.

Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

No.	Date	Account Titles and Explanation	Debit	Credit
1.	Mar. 31	enter an account title to record insurance expired on March 31	enter a debit amount	enter a credit amount
		enter an account title to record insurance expired on March 31	enter a debit amount	enter a credit amount
		(To record insurance expired)
2.	Mar. 31	enter an account title to record supplies used on March 31	enter a debit amount	enter a credit amount
		enter an account title to record supplies used on March 31	enter a debit amount	enter a credit amount
		(To record supplies used)
3.	Mar. 31	enter an account title to record monthly depreciation on March 31	enter a debit amount	enter a credit amount
		enter an account title to record monthly depreciation on March 31	enter a debit amount	enter a credit amount
		(To record monthly depreciation)
4.	Mar. 31	enter an account title to record revenue for services provided on March 31	enter a debit amount	enter a credit amount
		enter an account title to record revenue for services provided on March 31	enter a debit amount	enter a credit amount
		(To record revenue for services provided)