The ledger of Sunland Rental Agency on March $31$ of the current year includes the selected accounts below before adjusting entriesSelected financial data of two competitors, Target and Walmart, are presented here. $($All dollars are in millions.$)$ Suppose the data were

taken from the $2025$ financial statements of each company.

For each company, compute these values and ratios. $($Round Current ratio and Earnings per share to $2$ decimal places, e$.$g$.15\mathrm{.}25$ and Debt to

assets ratio to $1$ decimal place, e$.$g$.78\mathrm{.}9\%.$ If answer is negative enter it with a negative sign preceding the number e$.$g$.-15,000$ or in parentheses

e$.$g$.(15,000).$ Enter amounts in millions.$)$

$($e$)$ Which company has better liquidity?

Which company has better solvency?

have been prepared.

An analysis of the accounts shows the following.

The equipment depreciates $$336$ per month.

Half of the unearned rent revenue was earned during the quarter.

Interest of $$480$ is accrued on the notes payable.

Supplies on hand total $$1,020.$

Insurance expires at the rate of $$480$ per month.

Prepare the adjusting entries at March $31,$ assuming that adjusting entries are made quarterly. $($List all debit entries before credit entries.

If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when

the amount is entered. Do not indent manually.$)$

No$.$ Date Account Titles and Explanation

Mar. $31$

Mar. $31$

Mar. $31$

Mar. $31$

Mar. $31$