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The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit

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The ledger of Metlock, Inc. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Credit Debit $3,900 4,680 32,500 Supplies Prepaid Insurance Equipment Accumulated Depreciation Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense $10.920 26.000 16.120 78,000 O 18.200 An analysis of the accounts shows the following 1 2 3 4 The equipment depreciates $364 per month Half of the unearned rent revenue was earned during the quarter. Interest of $520 is accrued on the notes payable. Supplies on hand total $1,105. Insurance expires at the rate of $520 per month 5 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. If no entry is required, select "No Entry for the account titles and enter for the amounts Credit account titles are automatically indented when the S 6 s G Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. If no entry is required, select "No Entry" for the account titles and enter for the amounts. 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 My 31 3 M 31 4 Map 31 s M 31 eTextbook and Media List of Accounts S G . B. M

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