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The ledger of Sunland Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared.

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The ledger of Sunland Rental Agency on March 31 of the current year includes the following selected accounts, before adjusting entries have been prepared. Debit Credit Prepaid Insurance $10,800 Supplies Equipment 3,200 25.000 Accumulated Depreciation-Equipment $8,800 Notes Payable Unearned Rent Revenue Rent Revenue 22,000 9,300 62,000 Interest Expense 0 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 should be accrued on the notes payable. 4. Supplies on hand total $760. 5. Insurance expires at the rate of $900 per month. Question 1 of 6 No. Date Account Titles and Explanation Debit Credit 1. Mar. 31 2. Mar. 31 - Mar. 31 5. Mar. 31 Mar. 31

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