The ledger of Passehl Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared Debit Credit $3,600 2.800 Prepaid Insurance Supplies Equipment Accumulated Depreciation--Equipment Salaries and Wages Expense 25,000 $ 8.400 14,000 1 An analysis of the accounts shows the following The equipment depreciates $400 per month 2 Supplies on hand total 5750 Insurance expires at the rate of $300 per month 3 Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly, Additional accounts are Depreciation Expense, Insurance Expense. Interest Payable, and Supplies Expense. (Credit account titles are outomatically indented when the amount is entered. Do not Indent manually) No. Date Account Titles and Explanation Debit Credit 1. Mar 31 2 Mar 31 3 Mar 31