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The ledger of Bramble Corp. on March 31, 2019, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2.200 Supplies 2.200
The ledger of Bramble Corp. on March 31, 2019, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2.200 Supplies 2.200 Equipment 33,200 Unearned Service Revenue 8,300 An analysis of the accounts shows the following. 1. Insurance expires at the rate of $300 per month. 2. Supplies on hand total $1,100. 3. The equipment depreciates $400 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. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
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