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The ledger of Ivanhoe, Inc. on March 31,2020, includes the following selected accounts before adjusting entries. An analysis of the accounts shows the following. 1.
The ledger of Ivanhoe, Inc. on March 31,2020, includes the following selected accounts before adjusting entries. An analysis of the accounts shows the following. 1. Insurance expires at the rate of $400 per month. 2. Supplies on hand total $1,500. 3. The equipment depreciates $500 per month. 4. During March, salaries earned by employees of $1,500 have not been recorded. Prepare the adjusting entries for the month of March. (Creditoccount tities are automaticolly indented when the amount is entered. Do not indent manually.)
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