The ledger of Sunland Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared. Prepaid Insurance Supplies Equipment Accumulated Depreciation-Equipment Notes Payable Unearned Rent Revenue Rent Revenue Interest Expense Salaries and Wages Expense Debit Credit $10,800 3,200 25,000 $8,800 22,000 9,300 62,000 An analysis of the accounts shows the following. 18,000 1. The equipment depreciates $400 per month. 2. One-third of the unearned rent revenue was earned during the quarter. 3. Interest of $550 should be 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. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) 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. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually) No. Date Account Titles and Explanation 1 Mar. 31 Debit Credit Mar 2. 31 Mar 3. 31 Mar. 4. 31 Mar 5. 31