E #9 The ledger of LAVRIE RENTAL AGENCY on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $5.400 Supplies 2.800 33.600 Equipment Accumulated Depreciation Equipment Notes Payable $8.400 20.000 Unearned Rent Revenue 10.200 Rent Revenue 60.000 Interest Expense Wages Expense 14.000 An analysis of the accounts shows the following 1. The equipment has a four year life. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $600 is accrued on the notes payable. 4. Supplies on hand total $500. 5. Insurance expires at the rate of $300 per month Instructions Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Watch the dates! Additional accounts are: Depreciation Expense. Insurance Expense. Interest Payable, and Supplies Expense