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The ledger of Blossom, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance $2,000 Supplies 2,000 Equipment
The ledger of Blossom, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance $2,000 Supplies 2,000 Equipment 29,000 Unearned Service Revenue $8,500 An analysis of the accounts shows the following. 1 Insurance expires at the rate of $400 per month. 2 Supplies on hand total $1,400. 3 The equipment depreciates $300 per month. 4 During March, services were performed for two-fifths of the unearned service revenue. Prepare the adjusting entries for the month of March. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) ZO. ND at Account Titles and Explanation Debit Credit 1. M ar. 31 enter an account title to record insurance expired on March 31 enter a debit amount enter a credit amount enter an account title to record insurance expired on March 31 enter a debit amount enter a credit amount (To record insurance expired) M ar. 31 enter an account title to record supplies used on March 311 enter a debit amount 2. enter a credit amount enter an account title to record supplies used on March 31 enter a debit amount enter a credit amount (To record supplies used) M enter an account title to record monthly 31 depreciation on March 31 enter a debit amount enter a credit amount 3. ar. enter an account title to record monthly depreciation on March 311 enter a debit amount enter a credit amount (To record monthly depreciation) M enter an account title to record revenue for ar. 31 services provided on March 31 enter a debit amount enter a credit amount 4. enter an account title to record revenue for services provided on March 31 enter a debit amount enter a credit amount
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