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The ledger of Metlock Rental Agency on March 31 of the current year indudes the following selected accounts before adjusting entries have been prepared. Debit
The ledger of Metlock Rental Agency on March 31 of the current year indudes the following selected accounts before adjusting entries have been prepared. Debit Credit Prepaid Insurance $3372 Supplies 2.804 23.330 Equipment Accumulated Depreciation Equipment Notes Payable S12 20. Unearned 4.000 50.130 Rent Revenge inst Expen 0 Salaries and wompense 13.000 An analysis of the accounts shows the following 1 2 The equipment deprecates $244 per month One-third of the camerantworth interest of $450 kr the most Supplies and total 5650 netthet 1 month 4 5 Prepare the disting entries March 31, suming that ting entries are made relational twee Expense, narance pe interest Payable, and Supplies Experience on omatically demonta entered. Do not indent may no entre sect"Ne entry for the content for the No. Account Titles and Explanation Detail Credit 1 2
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