Question 1 of 4 - 1253 The ledger of Sheridan Rental Agency on March 31 of the current year includes the selected accounts show below before adjustine entries have been prepared Debit Credit $14400 Prepaid Insurance Supplies 2.500 Equipment 31250 Accumulated Depreciation - Equipment $8.500 Notes Payable 23.000 Unearned Rent Revenue 12.900 Rent Revenue 59.000 Interest Expense 0 Salaries and Wages Expense 20,000 Question 1 of 4 - 125 E An analysis of the accounts shows the following 1 2 3. The equipment depreciates $500 per month One-third of the unearned rent revenue was earned during the quarter. Interest of $575 is accrued on the notes payable Supplies on hand total $580 Insurance expires at the rate of $800 per month 4. 5. 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) Question 1 of 4 > - 25 No. Date Account Titles and Explanation Debit Credit Mar 1 31 2 Mar 31 3 05 Mar. 31 4. Mar 31 Question 1 of 4 > - 125 E 2 2 Mar 31 3. Mar. 31 . Mar 31 Mar 5. 31