The ledger of Pharoah Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Debit Credit Prepaid Insurance $ 1,800 Supplies 2,700 Equipment 31,250 Accumulated DepreciationEquipment $ 8,500 Notes Payable 24,000 Unearned Rent Revenue 10,500 Rent Revenue 59,000 Interest Expense 0 Salaries and Wages Expense 12,000 An analysis of the accounts shows the following. 1. The equipment depreciates $500 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $600 is accrued on the notes payable. 4. Supplies on hand total $550. 5. Insurance expires at the rate of $100 per month. 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 automatically 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 4. Mar. 31 5. Mar. 31