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The ledger of Concord Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared Debit Credit $3,936 Prepaid Insurance Supplies Equipment 2.967 23.250 Accumulated Depreciation Equipment $7,715 Notes Payable 20.120 Unearned Rent Revenue 5820 Rent Revenue 57.250 Interest Expense -0 Salaries and Wages Expense 13.150 An analysis of the accounts shows the following The equipment depreciates $232 per month One-third of the earned rent was recognized as even during the quarter 2 An analysis of the accounts shows the following 1 2. 3 The equipment depreciates $232 per month One-third of the earned rent was recognized as revenue during the quarter Interest of 5470 is accrued on the notes payable Supplies on and total 5645 Insurance expires at the rate of 5328 per month 4 5 Prepare the adjusting entries at March 31. asuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expiration De Interest Payable and Supplies Expenses Cricattles are automatically indented when amount entre Do not indent manually. If northquru select "No entry for the account titles and enter for the amounts) No. Account Titles and Explanation Debit Credit 1 2 3