The ledger of Cullumber Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.

Debit Credit

Supplies $6,600

Prepaid Insurance 7,920

Equipment 55,000

Accumulated DepreciationEquipment $18,480( CREDIT)

Notes Payable 44,000(Credit)

Unearned Rent Revenue 27,280(Credit)

Rent Revenue 132,000 (Credit)

Interest Expense 0

Salaries and Wages Expense $30,800

An analysis of the accounts shows the following.

1.The equipment depreciates $616 per month.

2Half of the unearned rent revenue was earned during the quarter.

3.Interest of $880 is accrued on the notes payable.

4Supplies on hand total $1,870.5.

Insurance expires at the rate of $880 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 0 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

enter an account title to record the first transaction

Enter a debit amount

Enter a credit amount

enter an account title to record the first transaction

Enter a debit amount

Enter a credit amount

2.

Mar. 31

enter an account title to record the second transaction

Enter a debit amount

Enter a credit amount

enter an account title to record the second transaction

Enter a debit amount

Enter a credit amount

3.

Mar. 31

enter an account title to record the third transaction

Enter a debit amount

Enter a credit amount

enter an account title to record the third transaction

Enter a debit amount

Enter a credit amount

4.

Mar. 31

enter an account title to record the fourth transaction

Enter a debit amount

Enter a credit amount

enter an account title to record the fourth transaction

Enter a debit amount

Enter a credit amount

5.

Mar. 31

enter an account title to record the fifth transaction

Enter a debit amount

Enter a credit amount

enter an account title to record the fifth transaction

Enter a debit amount

Enter a credit amount