The ledger of Novak 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 $3,828 2,703 24,180 $8,073 19,600 9,330 55,400 -0- 14,560 An analysis of the accounts shows the following. One-third of the unearned rent was recognized as revenue during the quarter. 1. The equipment depreciates $225 per month. 2. 3. 4. Supplies on hand total $621. Interest of $460 is accrued on the notes payable. 5. Insurance expires at the rate of $319 per month. No. Account Titles and Explanation 1. Debit Credit 2. 3. 4. 5