- The ledger af Passel Rental Agency on March 31 of the current year includes the sloted account, shown below, before adjusting entries have been prepared Preparating from selected as ( (LO 2.) Credit Debit $ 3,600 2,800 25,000 Prepaid Insurance Supplies Equipment Accumulated Depreciation - Equipment Notes Payable Une med Rent Revenue Rent Revenue Interest Expense Sales and Wages Expense $ 8.400 20,000 10,200 60.000 14.000 An analysis of the accounts shows the following 1. The equipment depreciates $400 per month 2. One third of the uneared rent revenue was earned during the quarter: 3. Interest of $500 is accrued on the notes payable Supplies on hund total 5750 sunce expires at the rate of $300 per month Escorts Prepare the adjusting entries at March 31, assuming that adjusting entries are made urterly Additional accounts are Depreciation Expense, Insurance Expense. Interest Payable and Supplies Esponse