The ledger of Bourque Rental Agency on March 31, 2017, includes the following selected accounts before preparing quarterly adjusting entries:

	Debit	Credit
Supplies	$14,400
Prepaid insurance	3,600
Equipment	37,800
Accumulated depreciationequipment		$9,450
Unearned rent revenue		9,300
Notes payable		30,000
Rent revenue		30,000
Salaries expense	14,000

An analysis of the accounts shows the following:

• 1.The equipment has a four-year useful life.
• 2.One quarter of the unearned rent is still unearned on March 31, 2017.
• 3.The note payable has an interest rate of 6%. Interest is paid every June 30 and December 31.
• 4.Supplies on hand at March 31 total $850.
• 5.The one-year insurance policy was purchased on January 1, 2017.
• 6.As at March 31, a tenant owed Bourque $700 for the month of March.

Instructions

Prepare the quarterly adjusting entries required at March 31, 2017.