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The iedger of Metlock Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries hive been prepared. An

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The iedger of Metlock Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries hive been prepared. An analysis of the accounts shows the following 1 The equipment depreciates $240 per month 3 One-third of the onemed rent was recognized as revenue during the quarter 3. Interest of $450 is accrued on the notes payable. 4. Supplies on hand total $650. 5 Insurance expires at the rate of $281 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense. Insurance Expense, Interest Payable, and Supplies Expense, (Credit account titles are automatically indented when amount if entered, Do not in dent manually. If no entryls redufred, sefect "No entry" for the account titter and enter 0 for the amounts. Ust all debit entries before credit entries.)

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