Question The ledger of Cullumber Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared Debit Prepaid Insurance $ 16,200 Supplies 3,300 Equipment 25,000 Accumulated Depreciation Equipment $3,200 Notes Payable 25,000 Uneamed Rent Revenue Rent Revenue Interest Expense 0 Salaries and Wages Expense 17,000 An analysis of the accounts show the following: The equipment depreciates $400 per month 2 One third of the unearned rent revenue was earned during the quarter. 3. Interest of $625 is accrued on the notes payable Supplies on hand total $930 Insurance expires at the rate of $900 per month Prepare the adjusting entries at Marching that adjusting entries are made quarterly Additional accounts are Depreciation Expense Insurance Expense, Interest Payetle, and Supplies Experte (Credit account titles are automatically indented when the amount is eviteve. Do nofilet mally) No. Date Account Tiles and Explanation Mar. 31