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The ledger of Blossom Rental Agency on March 31 of the current vear includes the following selected accounts, before adjusting entries have been prepared. An
The ledger of Blossom Rental Agency on March 31 of the current vear includes the following selected accounts, before adjusting entries have been prepared. An analyis of we accounts shows the following: 1. The equipinent deprociates $410 per month. 2. One third of the unearned rent revenue was earned during the quartef: 3. Interest of $575 should be accrued on the notes payatile. 4. Supplies on hand totat $280. 5. insurance encines at the rate of 5900 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 (List all debit entries before credit entries. Credit account tities are automatically indented when the amount is entered. Do not indent manualyd
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