Question 20 of 20 -/18 The ledger of Bourque Rental Agency on March 31, 2021, includes the following selected accounts before preparing quarterly adjusting entries: Credit Debit $13,000 3,200 36,800 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Unearned Revenue Notes Payable Rent Revenue Salaries Expense $9,200 8,000 24,000 28,000 13.000 An analysis of the accounts shows the following: 1. 2. 3. The equipment has a four-year useful life. One-quarter of the unearned rent is still unearned on March 31, 2021. The note payable has an interest rate of 4%. Interest is paid every June 30 and December 31. Supplies on hand at March 31 total $700. The one-year insurance policy was purchased on January 1, 2021. As at March 31, a tenant owed Bourque $500 for the month of March. 4. 5. 6. Question 20 of 20