The ledger of Blossom Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Debit Credit $6,696 5,580 49,600 $15,624 31,000 13,764 111,600 0 24,800 Salaries and Wages Expense An analysis of the accounts shows the following 1. The equipment depreciates $744 per month. 2 Two-thirds of the unearned rent revenue was earned during the quarter An analysis of the accounts shows the following 1. The equipment depreciates $744 per month. 2. Two-thirds of the unearned rent revenue was earned during the quarter 3. The note payable is dated January 1 and bears 12% inferest 4. Supplies on hand total $992. 5. The insurance policy is a two-year policy dated January 1. (a) Your answer is partially correct Prepare the adjusting entries at March 31, assuming that adjusting entries are made Quarterly (List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts Credit account titles are automatically Indented when the amount is entered. Do not indent manually Date Account Titles Mar 31 Depreciation Expense Accumulated Depreciation Equipment Debit Credit 928 A928 SUPPORT Date Account Titles: Mar. 31 Depreciation Expense Accumulated Depreciation-Equipment Mar. 31 Unearned Rent Revenue Service Revenue Mar. 31 Interest Expense Interest Payable Debit 8,928 9.176 930 Mar. 31 Supplies Expense 4,588 Mar. 31 Supplies Insurance Expense 837 Prepaid Insurance eTextbook and Media List of Accounts Credit 8.928 9.176 930 4.580 837 SUPPORT