Question Three: Faisal Services prepares financial statements quarterly. Below are selected accounts from the firms ledger on June 31, 2016: Prepaid Insurance 3,600 Supplies 2,800 Equipment 25,000 Accumulated DepreciationEquip. 8,400 Notes Payable 20,000 Unearned Rent Revenue 10,200 Rent Revenue 60,000 Salaries and Wages Expense 14,000 - Assume all accounts have normal balance. Other data:

1. The equipment depreciates 400 SAR per month.

2. One-third of the unearned rent revenue was earned during the quarter.

3. Interest of 500 SAR is accrued on the notes payable.

4. Supplies on hand total 900 SAR.

5. Insurance expires at the rate of 200 SAR per month.

Requirement: Prepare the adjusting entries at June 31, 2016.