Question 16. marks) The ledger of Villa Rental Agency Sp o below, before adjusting entries luwe been prepared t current yer includes the selected , shown Credit Debit E 12.000 2.789 25,625 8.610 Prepaid Insurance Supplies Equipment Accumulated Depreciatice Equipment Notes Payable Uneamed Rent Revenue Rene Revenue Interest Expense Salaries and Wages Expertise 10,200 16.994 An analysis of the accounts shows the following: 1. The equipment depreciates 410 per month 2 One-third of the uneared rent revenue was cared during the month. 3. Interest totaling 600 is accrued on the notes payable for the month 4. Supplies on hand total 891. 5. Insurance expires at the rate of 670 per month -6. Salaries and Wages of 1800 for the month of March is not yet paid. 7. Utilities of 2,400 for March is not yet paid. 8 The company has not received a Rent Revenue of 3,600 at the end of March Required: 1. Prepare the adjusting entries at March 31. (4 marks) 2. Post the adjusting entries into the ledgers and close all the ledgers. (2 marks) Page 3 Question 16. marks) The ledger of Villa Rental Agency Sp o below, before adjusting entries luwe been prepared t current yer includes the selected , shown Credit Debit E 12.000 2.789 25,625 8.610 Prepaid Insurance Supplies Equipment Accumulated Depreciatice Equipment Notes Payable Uneamed Rent Revenue Rene Revenue Interest Expense Salaries and Wages Expertise 10,200 16.994 An analysis of the accounts shows the following: 1. The equipment depreciates 410 per month 2 One-third of the uneared rent revenue was cared during the month. 3. Interest totaling 600 is accrued on the notes payable for the month 4. Supplies on hand total 891. 5. Insurance expires at the rate of 670 per month -6. Salaries and Wages of 1800 for the month of March is not yet paid. 7. Utilities of 2,400 for March is not yet paid. 8 The company has not received a Rent Revenue of 3,600 at the end of March Required: 1. Prepare the adjusting entries at March 31. (4 marks) 2. Post the adjusting entries into the ledgers and close all the ledgers. (2 marks) Page 3