The ledger of Novak Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Debit Credit $8,400 10,080 70,000 $23,520 56,000 34,720 168,000 39.200 Interest Expense Salaries and Wages Expense An analysis of the accounts shows the following 1. The equipment depreciates $784 per month. 2 Half of the unearned rent revenue was earned during the quarter.