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The ledger of Sunland Rental Agency on March 3 1 of the current year includes the selected accounts below before adjusting entries have been prepared.

The ledger of Sunland Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. Supplies Prepaid Insurance Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense 1.2.3.4. Debit An analysis of the accounts shows the following. 5. $7,5009,00062,500035,000 Credit $21,00050,00031,000150,000 The equipment depreciates $700 per month. Half of the unearned rent revenue was earned during the quarter. Interest of $1,000 is accrued on the notes payable. Supplies on hand total $2,125. Insurance expires at the rate of $1,000 per month. The led ger of Sunland Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis of the accounts shows the following 1. The equipment depreciates \(\$ 100\) per month. 2. Haif of the unearned rent revenue was carned during the quarter 3. Interest of \(\$ 1.000\) is accrued on the notes payable 4. Supplies on hand total \(\$ 7,125\)3. Insurance expires at the rate of \(\$ 1,000\) per month.The ledger of Sunland Rental Agency on March 31 of the current year includes the selected accounts below before adjusting entries have been prepared. An analysis of the accounts stoows the following 1. The equipment depreciates \(\$ 700\) per month. 2. Half of the unearned rent revenue was earned during the quarter. 3. Interest of \(\$ 1,000\) is accrued on the notes payable. 4. Supplies on hand total \$2,125.5. Insurance expleses at the rate of \(\$ 1.000\) per month.

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