Question 3 The ledger of Passehl Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit $3,600 2,800 25,000 An analysis of the accounts shows the following. 14,000 0 1. The equipment depreciates $400 per month. Credit $ 8,400 20,000 10,200 60,000

The fedger of Pasicht Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries hawe been prepared. An analysis of the accounts shows the followine. 1. The equipment depreciates 5400 per month The fedger of Pasicht Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries hawe been prepared. An analysis of the accounts shows the followine. 1. The equipment depreciates 5400 per month