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The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Debit Credit
The ledger of Sheridan Company on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared Debit Credit $3,740 Sup 1,890 Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable 28,300 ons $8,490 ct 18.500 11.400 Unearned Rent Revenue Rent Revenue 61,600 search 0 Interest Expense Salaries and Wages Expense 12,600 zh Ros. An analysis of the accounts shows the following -0 1 The equipment depreciates $280 per month. 2 Half of the unearned rent revenue was earned during the quarter. 3. Interest of 5550 is accrued on the notes payable 4 Supplies on hand total 5910 5. Insurance expires at the rate of S210 per month Prepare the adjusting entries at March 31, assuming that adjusting entries are made quarterly. Of ne entry is required, select "No Entry for the account titles and enter for the amounts. 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 N Mar. 31 3 Mar. 31 Mar. 31 5. Mar. 31
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