Prepare Quarterley Adjusting Entries required at March 31

On March 31, 2024, Sunland Rental Agency Inc.'s trial balance included the following selected unadjusted account balances. The company's year end is December 31 and it adjusts its accounts quarterly. An analysis of the accounts shows the following: 1. The equipment, which was purchased on January 1,2023 , is estimated to have a useful life of four years. The company uses straight-line depreciation. 2. One-third of the deferred revenue related to rent is still unearned at the end of the quarter. 3. The bank loan payable has an interest rate of 6%. Interest is paid on the first day of each following month and was last paid on March 1, 2024. 4. Supplies on hand total $11,350 at March 31 . 5. The one-year insurance policy was purchased for $35,400 on January 1 . 6. Income tax is estimated to be $13,700 for the quarter