The ledger of Kingbird, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $7,200 8,640 60,000 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $20,160 48,000 29,760 144,000 0 33,600 An analysis of the accounts shows the following 1. The equipment depreciates $672 per month 2. Half of the unearned rent revenue was earned during the quarter. Interest of $960 is accrued on the notes payable. 4. Supplies on hand total $2,040, Insurance expires at the rate of $960 per month 3. 5. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Of no entry is required, select "No Entry" for the account titles and enter for the amounts Credit account tities are automatically indented when the amount is entered. Do not indent manually.) No. Date Account Titles and Explanation Debit Credit Mar. 31 1. 2 Mar 31 3 Mar. 31 4 Mar 31 5. Mar. 31