Instruction: Prepare the adjusting entries for the month of March. The ledger of Hammond, Inc. on March 31, 2020, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance P3,600 Office Supplies 2,800 Office Equipment 25,000 Accumulated Depreciation-Office Equipment P 5,000 Unearned Revenue 9,200 An analysis of the accounts shows the following. 1. Insurance expires at the rate of P100 per month. 2. Supplies on hand total P800. 3. The office equipment depreciates P200 a month. 4. One-half of the unearned revenue was earned in March