prepared. Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit Credit $8,400 10.080 70,000 $23,520 56,000 34,720 168,000 0 39.200 An analysis of the accounts shows the following 1. The equipment depreciates $784 per month 2. Half of the unearned rent revenue was earned during the quarter 3 Interest of $1.120 is accrued on the notes payable 4 Supplies on hand total $2,380 50 Insurance expires at the rate of $1.120 per month No. Date Account Titles and Explanation 1 Mar 31 Mar 2 31 Mar 3. 31 Mar 4 31 Mar 5. 31 Debit Credit