Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly

Credit Debit $4,800 5,760 40,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $13,440 32,000 19,840 96,000 0 22,400 An analysis of the accounts shows the following 1. 2. 3 The equipment depreciates $448 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $640 is accrued on the notes payable. Supplies on hand total $1,360. Insurance expires at the rate of $640 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 O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) No. Date Account Titles and Explanation Debit Mar. 31 Credit 1. 2. Mar. 31 3 . Mar. 31 4. Mar. 31 5. Mar. 31