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The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared.
The ledger of Pina Colada Corp. on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Supplies Prepaid Insurance Equipment Debit Credit $3.600 4,320 30,000 $10,000 24,000 14,880 72.000 0 16.800 Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense An analysis of the accounts shows the following 1 The equipment depreciates $336 per month 2 Half of the une amed rent revenue was earned during the quarter 2 Interest of $400 is accrued on the notes payable A Supplies on hand total $1.020 Insurance expires at the rate of $400 per month Prepare the dusting entries at March 31 assuming that altuating entries are made quarterly no entry is required, select "No Entry for the account ties and enter O for the amounts Credit account tities are automatically indented when the amount is entered. Do not indent
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