The ledger of Ivanhoe Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 9,600 Supplies 3,000 31.250 Equipment Accumulated Depreciation-Equipment Notes Payable $ 8.925 22.000 Unearned Rent Revenue 10,800 Rent Revenue 60,000 0 Interest Expense Salaries and Wages Expense 12,000 An analysis of the accounts shows the following 1. The equipment depreciates $ 525 per month One-third of the uneared rent revenue was earned during the quarter. 2. 3 Interest of 5550 should be accrued on the notes payable 4 Supplies on hand total $ 720 5. Insurance expires at the rate of $ 800 per month Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Interest Payable, and Supplies Expense. (List all debit entries before credit entries. 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 1 Mar 31 2. Mar 31 3 Mar. 31 Mar. 31 5 Mar 31