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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.) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 (To record insurance expired) 2. Mar. 31 I 3 Mar. 31 (To record supplies used) 4 Mar. 31 (To record monthly depreciation) (To record revenue for services provided)

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