Possible Account titles and Explanations

• Accounts Payable
• Accounts Receivable
• Accumulated Depreciation-Buildings
• Accumulated Depreciation-Equipment
• Advertising Expense
• Amortization Expense
• Buildings
• Cash
• Common Stock
• Depreciation Expense
• Dividends
• Equipment
• Income Summary
• Income Tax Expense
• Income Taxes Payable
• Insurance Expense
• Interest Expense
• Interest Payable
• Interest Receivable
• Interest Revenue
• Land
• Maintenance and Repairs Expense
• Mortgage Payable
• No Entry
• Notes Payable
• Prepaid Advertising
• Prepaid Cleaning
• Prepaid Insurance
• Prepaid Rent
• Property Tax Expense
• Property Taxes Payable
• Rent Expense
• Rent Revenue
• Retained Earnings
• Salaries and Wages Expense
• Salaries and Wages Payable
• Sales Revenue
• Service Revenue
• Supplies
• Supplies Expense
• Ticket Revenue
• Unearned Rent Revenue
• Unearned Sales Revenue
• Unearned Service Revenue
• Unearned Ticket Revenue
• Utilities Expense
• Website

The ledger of Whispering Winds Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Credit Debit $4,200 5,040 35,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $11,760 28,000 17,360 84,000 0 19,600 An analysis of the accounts shows the following. 1. 2. 3. The equipment depreciates $392 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $560 is accrued on the notes payable. Supplies on hand total $1,190. Insurance expires at the rate of $560 per month. 4. 5. 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 Ofor the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 Unearned Rent Revenue 8680 3. Mar. 31 560 4. Mar. 31 5. Mar. 31