The ledger of Monty Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Debit Credit Supplies $4,500 Prepaid Insurance 5,400 Equipment 37,500 Accumulated Depreciation- Equipment $12,600 30,000 Notes Payable 18,600 Unearned Rent Revenue 90,000 Rent Revenue Interest Expense 21,000 Salaries and Wages Expense An analysis of the accounts shows the following The equipment depreciates $420 per month 1 Half of the unearned rent revenue was earned during the quarter 2. Interest of $600 is accrued on the notes payable. 3. Supplies on hand total $1,275 4. Insurance expires at the rate of $600 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 accoun titles and enter 0 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 Mar. 31 1. Depreciation Expense Accumulated Depreciation-Equipment 2. Mar. 31 Unearned Rent Revenue Rent Revenue 3. Mar, 31 Interest Expense Interest Payable Mar. 31 Supplies Expense 4. Supplies Mar. 31 Insurance Expense 5. Prepaid Insurance