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I really need it. Thanks a lot Exercises 1. The ledger of Piper Rental Agency on March 31 of the current year included the following

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Exercises 1. The ledger of Piper Rental Agency on March 31 of the current year included the following selected accounts before adjusting entries have been prepared: Debit Credit Prepaid Insurance $3,600 Supplies 2,800 Equipment 25,000 Accum. Depr-Equip. 8,400 Notes Payable 20,000 Uneamed Rent 9,900 Rent Revenue 60,000 14,000 Wages Expense An analysis of the accounts shows the following: 1. The equipment depreciates S400 per month. 2. One-third of the unearned rent was earned during the quarter. 3. Interest of S500 has accrued on the notes payable. 4. Supplies on hand total S700. 5. Insurance expires at the rate of $200 per month. REQUIRED: Prepare the adjusting entries at March 31 assuming that adjust entries are made quarterly GENERAL JOURNAL Date Account Titles

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