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Exercise 4-9 A partial tabular summary for Cheyenne Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have

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Exercise 4-9 A partial tabular summary for Cheyenne Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Assets Liabilities + Stockholders' Equity Acc. Depr. Int. Unearn. Rent Com. Reatined Earnings Supplies + Prepaid Insurance + Equip. Equip. Pay. Notes Pay. + Rev. + Stock + Rev. - Exp. - Div Bal. 3,010 1,800 24,000 -7,200 0 18,000 10,600 An analysis of the accounts shows the following. 1. The equipment depreciates $270 per month 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $300 is accrued on the notes payable. 4. Supplies on hand total $800. 5. Insurance expires at the rate of $200 per month. Prepare a tabular summary to record adjustments at March 31, assuming that adjustments are made quarterly. If a transaction results in a decrease in As negative for pentheses) in front of the counter for the p e r Au Liability or guys that was reduced , Liabilities or Stockholders' Equity, placea Stockholders' Equity Retained Earnings Acc Der Insurance + Supples Bal 3.010 up. 24,000 -7,200 Click if you would like to Show Work for this questions Modify Show Work

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