The ledger of Concord Corporation on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $2,400 Prepaid Insurance 2,880 Equipment 20,000 $6,720 Accumulated Depreciation-Equipment 16.000 Notes Payable Unearned Rent Revenue 9.920 48,000 Rent Revenue Interest Expense 11.200 Salaries and Wages Expense An analysis of the accounts shows the following 1. The equipment depreciates $224 per month 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of $320 is accrued on the notes payable. 4. Supplies on hand total $680. 5. Insurance expires at the rate of $320 per month Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. (If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 5. Mar. 31