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The ledger of Herrera, Inc. on March 31, 2019, includes the following selected accounts before adjusting entries. Debit Credit Prepaid Insurance 2,400 Supplies 2,500 Equipment

The ledger of Herrera, Inc. on March 31, 2019, includes the following selected accounts before adjusting entries.

Debit

Credit

Prepaid Insurance 2,400
Supplies 2,500
Equipment 30,000
Unearned Service Revenue 9,000

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 $500 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.) Please answer ASAP

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