Prepare adjusting entries from selected account data. LO4 The ledger of Uniform Ltd on 30 June of the current year includes these selected accounts and corresponding account numbers before adjusting entries have been prepared: Debits Credits 100 Prepaid insurance $14040 110 Supplies 8400 120 Equipment 97500 121 Accumulated depreciationequipment $ 31800 200 Bank loan 78000 210 Rent revenue received in advance 36270 300 Rent revenue 234000 400 Interest expense 410 Wage expense 54600 An analysis of the accounts shows the following: 1. The equipment depreciates $1600 per month. 2. The rent revenue received in advance was for the 9 months commencing 1 April. 3. Interest of $975 is accrued on the bank loan. 4. Supplies on hand total $2800. 5. The benefits of prepaid insurance expire at the rate of $1170 per month.

Required Prepare the adjusting entries at 30 June, assuming that adjusting entries are made quarterly. Additional accounts and account numbers are: 420 Depreciation expense, 430 Insurance expense, 220 Interest payable, and 440 Supplies expense.