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Kimmel, Financial Accounting, Seventh Canadian Edition Help I Sy Exercise 4-8 On March 31, 2018, Easy Rental Agency Inc.'s trial balance included the following selected unadjusted account balances. The company's year end is December 31 and it adjusts its accounts quarterly. Debit Credit Prepaid insurance $15,280 2,830 22,500 Equipment Unearned revenue Loan payable, due 2020 Rent revenue Salaries expense 5,450 9,760 20,200 30,200 15,000 An analysis of the accounts shows the following: 1. The equipment, which was purchased on January 1, 2017, is estimated to have a useful life of four years. The company uses straight -line depreciation. 2. One third of the unearned revenue related to rent is still unearned at the end of the quarter 3. The loan payable has an interest rate of 6%. Interest is paid on the first day of each followi 4. Supplies on hand total $880 at March 31 ng month and was last paid March 1, 2018. 5. The one-year insurance policy was purchased for $15,280 on January 1 6. Income tax is estimated to be $2,700 for the quarter Prepare the quarterly adjusting entries required at March 31. (Record journal a entries in the order presented in the problem. Credit account tities are automatically indented wers to o "No Entry" for the account titles and enter O for the amounts. Round ans when the amount is entered. Do not indent manually. If no entry is required, select decimal places, e.g. 5,275 Debit Credit Date Account Titles and Explanation Mar. 31