For each of the above items idcate th The type of adjustment (prepaid expense, unearned revenue, accrued revenue, or (a) accrued expense). b) The status of accounts before adjustment (overstatement or understatement). 3-7 The ledger of Passchl Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared pare adjusting oerie from selected accouest daa 2,3) he Debit $ 3,600 2,800 25,000 Credit Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 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 earned during the quarter 3. Interest of $500 is accrued on the notes payable. 4. Supplies on hand total $750 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. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. curte 3-d Megshan Lindlh, D.D.S. opened a dental pracice on Jamuary 1, 2017, During hc tint pr (LO 2, 3) month of operations, the following transactions occurred imurance. At January 31. 5875 of