Inventory of supplies revealed there was $350 worth of supplies left. Depreciation Expense for one month needs to be recorded on the office equipment and computer equipment. (Use straight-line depreciation) The office equipment has a salvage value of $ 600 and a five-year useful life. The computer equipment has no salvage value and a useful life of four years For the month of March, Prepaid Insurance of $300 was used. Interest expense of $150 has accrued on the notes payable. Payroll for eight days has accrued at $150 per day. Bad debt expense is estimated as $120