Hello,

I need assistance with this accounting assignment. Please provide the solutions and label them.

An analysis of the accounts shows the following. 1. Insurance expires at the rate of $360 per month. 2. Supplies on hand total $1,320. 3. The equipment depreciates at $600 per month. 4. During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)