Puulee 4401484 Current Attempt in Progress The ledger of Monty Corp. on March 31 of the current year includes the selected accounts, shown below, before quarterly adjusting entries ha been prepared. Credit Debit $ 12,600 2,800 25,000 Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $8,700 21,000 9,600 58,000 0 13,000 An analysis of the accounts shows the following. 1. The equipment depreciates $400 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest totaling $525 is accrued on the notes payable for the quarter. 4. Supplies on hand total $530. 5. Insurance expires at the rate of $700 per month. Ch 3: Homework X VitalSource Bookshelf: Financia Microsoft Word Work together X .com/courses/1377185/assignments/60500117moduleItem_id=14401484 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. (Credit account titles are automatically Indented when the amount is entered. Do not Indent manually) No. Date Account Titles Debit Credit 1. Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 5. Mar. 31 e Textbook and Media