Debit

Credit

Supplies

$$3,900$

Prepaid Insurance

$4,680$

Equipment

$32,500$

Accumulated Depreciation$-$Equipment

$$10,920$

Notes Payable

$26,000$

Unearned Rent Revenue

$16,120$

Rent Revenue

$78,000$

Interest Expense

$0$

Salaries and Wages Expense

$18,200$

An analysis of the accounts shows the following.

The equipment depreciates $$364$ per month.

Half of the unearned rent revenue was earned during the quarter.

Interest of $$520$ is accrued on the notes payable.

Supplies on hand total $$1,105.$

Insurance expires at the rate of $$520$ per month.

Prepare the adjusting entries at March $31,$ assuming that adjusting entries are made quarterly. $($List oll debit entries before credit entries. If no entry is required, select $"$No Entry" for the account titles and enter o for the amounts. Credit occount titles are automatically indented when the amount is entered. Do not indent manually.

No$.$ Date Account Titles and Explanation

Debit

Credit