D. THE F accuS DE EN COVERS OF WEStatementy. Prepare adjusting entries from selected account data. pubcfi/6/30[%3Bvnd.vst.id a A P E3.8 (LO 2, 3) The ledger of Villa Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit 3,600 2,800 25,000 Credit 8,400 20,000 10,200 60,000 -0- 14,000 An analysis of the accounts shows the following. 1. The equipment depreciates 400 per month. 2. One-third of the unearned rent revenue was recognized as revenue during the quarter. 3. Interest of 500 is accrued on the notes payable. 4. Supplies on hand total 750.