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The ledger of Shamrock, Inc. on March 31, 2025, includes the following selected accounts before adjusting entries. Supplies Prepaid Insurance Equipment Unearned Service Revenue 1.
The ledger of Shamrock, Inc. on March 31, 2025, includes the following selected accounts before adjusting entries. Supplies Prepaid Insurance Equipment Unearned Service Revenue 1. 2. 3. Debit 4. $2,780 2,240 An analysis of the accounts shows the following. 25,500 Credit $14,700 Insurance expires at the rate of $280 per month. Supplies on hand total $890. The equipment depreciates at $170 per month. During March, services were performed for two-fifths of the unearned service revenue.
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