The ledger of Kingbird, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 1. 2. 3. Debit 4. $7,200 An analysis of the accounts shows the following. 8,640 60,000 0 33,600 Credit $20,160 48,000 29,760 144,000 The equipment depreciates $672 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $960 is accrued on the notes payable. Supplies on hand total $2,040.

The ledger of Kingbird, Inc on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. 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. 3. Interest of 5960is accrued on the notes payable. 4. Supplies on hand total $2.040. 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. 3. Interest of $960 is accrued on the notes payable. 4. Supplies on hand total $2,040. 5. Insurance expires at the rate of $960 per month: The ledger of Kingbird, Inc on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. 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. 3. Interest of 5960is accrued on the notes payable. 4. Supplies on hand total $2.040. 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. 3. Interest of $960 is accrued on the notes payable. 4. Supplies on hand total $2,040. 5. Insurance expires at the rate of $960 per month