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Exercise 4-9 accounts below The ledger of Sheffield Corp. on March 31 of the current year includes the selected prepared. $4,010 Supplies 2,520 Prepaid Insurance

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Exercise 4-9 accounts below The ledger of Sheffield Corp. on March 31 of the current year includes the selected prepared. $4,010 Supplies 2,520 Prepaid Insurance 25,100 quipment $7,530 Accumulated Depreciation-Equipment 19,300 Notes Payable 11,800 Unearned Rent Revenue Rent Revenue 60,800 Interest Expense Salaries and Wages Expense 15,900 An analysis of the accounts shows the following. 1. The equipment depreciates $330 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 $870. 5. Insurance expires at the rate of $280 per month. prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Ii Entry" for the account titles and enter 0 for the amounts. Credit account t are autom is entered. Do not indent manually.) Exercise 4-9 accounts below The ledger of Sheffield Corp. on March 31 of the current year includes the selected prepared. $4,010 Supplies 2,520 Prepaid Insurance 25,100 quipment $7,530 Accumulated Depreciation-Equipment 19,300 Notes Payable 11,800 Unearned Rent Revenue Rent Revenue 60,800 Interest Expense Salaries and Wages Expense 15,900 An analysis of the accounts shows the following. 1. The equipment depreciates $330 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 $870. 5. Insurance expires at the rate of $280 per month. prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (Ii Entry" for the account titles and enter 0 for the amounts. Credit account t are autom is entered. Do not indent manually.)

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