The ledger of Chan Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared:

		Debit		Credit
Prepaid Insurance		$ 2,700
Supplies		2,100
Equipment		18,750
Accumulated DepreciationEquipment				$ 6,300
Notes Payable				15,000
Unearned Rent Revenue				6,975
Rent Revenue				45,000
Interest Expense		0
Salaries and Wage Expense		10,500

An analysis of the accounts shows the following:

1. The equipment depreciates $188 per month.
2. One-third of the unearned rent was recognized as revenue during the quarter.
3. Interest of $375 is accrued on the notes payable.
4. Supplies on hand total $637.
5. Insurance expires at the rate of $225 per month.

Instructions

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.