The ledger of Sunland Rental Agency on March 31 of the current year includes the selected accounts, shown below, before adjusting entries have been prepared. Debit Credit Prepaid Insurance Supplies Equipment $16.200 3,200 25,000 Accumulated Depreciation-Equipment $8,800 Notes Payable 22.000 Unearned Rent Revenue 9,300 Rent Revenue 62,000 Interest Expense Salaries and Wages Expense 18,000 An analysis of the accounts shows the following. 1. The equipment depreciates $400 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $550 is accrued on the notes payable. 4. Supplies on hand total $760. 5. Insurance expires at the rate of $900 per 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 Expense. (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. 311 2. Mar. 31 No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 3. Mar. 31 4. Mar. 31 5. Mar. 31