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Question 1 of 5 Current Attempt in Progress The ledger of Sheridan Rental Agency on March 31 of the current year includes the selected accounts
Question 1 of 5 Current Attempt in Progress The ledger of Sheridan Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entriehave been prepared. An analysis of the accounts shows the following. 1. The equipment depreciates $252 per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $360 is accrued on the notes payable: 4. Supplies on hand total $765. 5. Insurance expires at the rate of $360 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (List oll debit entries before credit entries If no entry is required, select "No Entry' for the occount titles and enter 0 for the amounts. Credit occount tities are automatically indented when the amount is entered Do not indent manually
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