ice Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 4-09 The ledger of Cullumber Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Supplies Credit Debit $6,600 Prepaid Insurance 7,920 Equipment 55,000 Accumulated Depreciation-Equipment $18,480 Notes Payable 44,000 Unearned Rent Revenue 27,280 Rent Revenue 132,000 Interest Expense Salaries and Wages Expense 30,800 An analysis of the accounts shows the following. 1. The equipment depreciates $616 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $880 is accrued on the notes payable. 4. Supplies on hand total $1,870. 5. Insurance expires at the rate of $880 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) earch DELL 11:15 AM 2/3/2021