Question 1 of 2 Debit Credit Prepaid Insurance $ 1,200 Supplies 3,500 Equipment 18,750 Accumulated Depreciation--Equipment $8,370 Notes Payable 25,000 Unearned Rent Revenue 9,000 62,000 Rent Revenue Interest Expense Salaries and Wages Expense O 17,000 An analysis of the accounts shows the following 1. 2 3 The equipment depreciates $465 per month One-third of the unearned rent revenue was earned during the quarter. Interest of $625 should be accrued on the notes payable. Supplies on hand total $520, Insurance expires at the rate of $100 per month 4 5 MacBook Air No. Date Account Titles and Explanation Debit Credit 1 Mar. 31 2 Mar. 31 3. Mar 31 4. Mar 31 S. Mar 31 eTextbook and Media MacBook Air