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The ledger of Larkspur, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Prepaid Insurance Supplies Equipment Unearned Service Revenue 1.
The ledger of Larkspur, Inc. on March 31, 2022, includes the following selected accounts before adjusting entries. Prepaid Insurance Supplies Equipment Unearned Service Revenue 1. 2. 3. Debit $2,256 4. 2,350 An analysis of the accounts shows the following. 28,200 Credit $8,460 Insurance expires at the rate of $282 per month. Supplies on hand total $1,034. The equipment depreciates at $470 per month. 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. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)
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