Current Attempt in Progress The ledger of Swifty Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit $5,700 6,840 47,500 0 26,600 Credit $15,960 38,000 23,560 114,000

The ledger of Swifty Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared An analysis of the accounts shows the following. 1. The equipment depreciates $532 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $760 is accrued on the notes payable. 4. Supplies on hand total $1,615. 5. Insurance expires at the rate of $760 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (List all debit entries before credit entries If no entry is required, select "No Entry" for the account titles ond enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually)