The ledger of Concord Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Ananalysis 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. An analysh of the accounts shows the following 1. The equlprent depreclates $224 per month 2. Half of the unearned rent fevenve was earned during the cuarter: 3. Interest of 5320 is accrued on the nates payable. 4. Supplier on hand totar 5660 . 5. Insurance explres at the rate af $320 per month. Prepare the adjusting entrles at March 31, assuming that adjusting entries are made quarterly ast all debit entrie before credit entries In no entry hi requind, select "No fnty" for the account titles end enter ofor the ameunts. Credll account tites are automatically indented when. the ameunt is enteret Do not indent manualiyd No. Date Account Titles and Explanation 1. Mar, 31 Debit Accumulated Deprectation-Equipment 2. Mar, Unearned Rene Revenve Rent Revenue 3. 31 Interest Expense Interest Payable 4. Mar. Supples Expense Supplies 5. Mar. 31 Insurance Expense Prepaid insurance Credit 680 960 eTextbook and Media Solution