The ledger of Marigold Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit Credit $3,264 2,767 23,470 $8,400 20,400 8,580 58,820 -0- 12,720 An analysis of the accounts shows the following. 1. The equipment depreciates $250 per month. 2. One-third of the unearned rent was recognized as revenue during the quarter. 3. Interest of $510 is accrued on the notes payable. 4. Supplies on hand total $695. 5. Insurance expires at the rate of $272 per month. Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Additional accounts are Depreciation Expense, Insurance Expense, Inte before credit entries.) No. Account Titles and Explanation Debit Credit 1. 2. 3. 4. 5.