The ledger of Pronghorn Rental Agency on March 31 of the current year includes the following selected accounts before adjusting entries have been prepared.

Debit

Credit

Prepaid Insurance $3,624

Supplies 2,558

Equipment 23,490

Accumulated Depreciation-Equipment $8,128

Notes Payable 21,690

Unearned Rent Revenue 4,110

Rent Revenue 56,400

Interest Expense-0-

Salaries and Wages Expense 13,360

An analysis of the accounts shows the following.

1.The equipment depreciates $257per month.2.One-third of the unearned rent was earned as revenue during the quarter.3.Interest of $530is accrued on the notes payable.4.Supplies on hand total $692.5.Insurance expires at the rate of $302per 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 Expenses.(Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

1. The equipment depreciates $257per month.

1. Insurance expires at the rate of $302per month.